MasterBrand and American Woodmark to Merge in All-Stock Transaction, Creating Largest Cabinet Maker in the Industry.

MasterBrand and American Woodmark are merging in an all-stock transaction, creating a $2.4 billion company with an enterprise value of $3.6 billion. The combined company will have a broad portfolio of cabinet brands, expanded geographic reach, and enhanced operating agility. The deal is expected to generate $90 million in cost synergies by year three and boost adjusted diluted EPS in year two. The merger aims to accelerate value delivery, amplify returns, advance innovation, and drive growth.