M&A Deal Summary

Cabinetworks Group Acquires Masco Cabinetry

On November 15, 2019, Cabinetworks Group acquired building materials company Masco Cabinetry from Masco for 1.0B USD

Acquisition Highlights
  • This is Cabinetworks Group’s 1st transaction in the Building Materials sector.
  • This is Cabinetworks Group’s largest (disclosed) transaction.
  • This is Cabinetworks Group’s 2nd transaction in the United States.
  • This is Cabinetworks Group’s 1st transaction in Michigan.

M&A Deal Summary

Date 2019-11-15
Target Masco Cabinetry
Sector Building Materials
Buyer(s) Cabinetworks Group
Sellers(s) Masco
Deal Type Divestiture
Deal Value 1.0B USD

Target

Masco Cabinetry

Ann Arbor, Michigan, United States
website
Masco Cabinetry manufactures three nationally recognized cabinetry brands, KraftMaid®, Merillat®, and QualityCabinets®. Masco Cabinetry has manufacturing plants and branches/service centers located throughout the United States.

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Buyer(S) 1

Buyer

Cabinetworks Group

Ann Arbor, Michigan, United States

website


Category Company
Sector Building Materials
Revenue 136M USD (2011)
DESCRIPTION

Cabinetworks Group is a manufacturer of kitchen and bath cabinets, offering a highly-diverse product portfolio of framed and frameless cabinetry that spans the continuum from value-priced options to nearly custom. The Company serves both the R&R and new construction markets through dealers, distributors, home builders, and home centers. Through its manufacturing facilities and service centers strategically located through the United States, Cabinetworks delivers iconic brands including Advanta®, Cabinets 2000, Cardell®, Design-Craft®, Echelon®, KraftMaid®, Master WoodCraft™, MasterCraft™, Medallion®, Merillat®, Modico™, QualityCabinets™, Schuler®, Serenade™, Smart®, Studio Full Access™, and Yorktowne®. Cabinetworks Group is based in Ann Arbor, Michigan.


DEAL STATS #
Overall 2 of 3
Sector (Building Materials) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 2 of 3
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-16 Elkay

Downers Grove, Illinois, United States

Elkay is a manufacturer of kitchen and bath cabinetry. EWP is a renowned manufacturer with an iconic brand portfolio including Medallion, Design-Craft, Yorktowne, Schuler, Medallion at Menards, MasterCraft, and American Cabinetry Collection. Elkay Manufacturing was founded in 1920 and is based in Downers Grove, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-14 Elkay

Downers Grove, Illinois, United States

Elkay is a manufacturer of kitchen and bath cabinetry. EWP is a renowned manufacturer with an iconic brand portfolio including Medallion, Design-Craft, Yorktowne, Schuler, Medallion at Menards, MasterCraft, and American Cabinetry Collection. Elkay Manufacturing was founded in 1920 and is based in Downers Grove, Illinois.

Sell $1.6B

Seller(S) 1

SELLER

Masco

Livonia, Michigan, United States

website


Category Company
Founded 1929
Sector Building Materials
Employees20,000
Revenue 8.7B USD (2022)
DESCRIPTION
Entrance to Masco's corporate headquarters in Taylor, Michigan.
Entrance to Masco's corporate headquarters in Taylor, Michigan.

Masco manufactures, distributes and installs home improvement and building products. The Company is among the largest manufacturers in North America of a number of home improvement and building products, including faucets, cabinets, architectural coatings and windows, and Masco is one of the largest installers of insulation for new home construction. The Company provides a broad product offering in a variety of styles and price points and distribute products through multiple channels, including directly to homebuilders and wholesale and retail channels. Masco was formed in 1929 and is based in Livonia, Michigan.


DEAL STATS #
Overall 11 of 12
Sector (Building Materials) 5 of 6
Type (Divestiture) 9 of 10
State (Michigan) 2 of 2
Country (United States) 9 of 9
Year (2019) 3 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-07 MI Windows and Doors

Gratz, Pennsylvania, United States

MI Windows and Doors LLC is a supplier of precision-built and energy-efficient vinyl and aluminum windows and sliding patio doors. The company offers a broad spectrum of products for both the new construction and replacement markets. MI was formed in 1947 and is based in Gratz, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-31 Smartap LTD

Ein Hashofet, Israel

Smartap LTD combines a pure sensational experience with elegant design by using smart technology to learn the client's personal habits and adjust to their preferences, making each shower or bath an indulging experience. Smartap was formed in 2010 and is based in Ein Hashofet, Israel.

Buy -