Proposed Merger Between MasterBrand and American Woodmark
MasterBrand and American Woodmark announced a definitive agreement to combine in an all-stock transaction, creating a comprehensive portfolio of cabinet brands and products. The merger is expected to deliver significant value with $90 million in run rate cost synergies by year 3.
Strong Financial Position
The combined company's pro forma net debt to adjusted EBITDA ratio at close is expected to be below MasterBrand's target leverage ratio of 2x, providing flexibility to invest in customers and the business.
MasterBrand's Second Quarter Performance
MasterBrand reported an 8% increase in net sales for the second quarter of 2025, reaching $730.9 million. Adjusted EBITDA was relatively flat at $105.4 million, and the company reaffirmed its full-year guidance.
Integration of Supreme
MasterBrand is progressing well with the integration of Supreme, with significant cost synergies expected to ramp up in the second half of 2025.