MasterBrand completes $520 million cash acquisition of Supreme Cabinetry Brands
MasterBrand, Inc. completed its acquisition of Dura Investment Holdings LLC, the parent of Supreme Cabinetry Brands, on July 10, 2024, for $520 million in cash, subject to customary adjustments. The company expects $28 million in annual run-rate cost synergies by the end of year three and expects the deal to be accretive to adjusted diluted earnings per share within the first full year after closing.
- Purchase price of $520 million in cash, subject to customary adjustments, completed on July 10, 2024
- Expected annual run-rate cost synergies of $28 million by the end of year three, from procurement, facility optimization and overhead
- Expected to be accretive to adjusted diluted earnings per share within the first full year after closing
- Financial statements and pro forma information will be filed by amendment within 71 days after the 8-K due date