HOWARD LAKE, MN – May 21, 2024 – Today, Supreme Cabinetry Brands, Inc. (“Supreme”) and MasterBrand, Inc. (“MasterBrand”) announced that they have entered into a definitive agreement in which MasterBrand will acquire Supreme Cabinetry Brands, including its two iconic brands, Dura Supreme and Bertch, from GHK Capital Partners LP (“GHK”).
The combined company will represent the most diverse manufacturer of residential cabinets in North America, with an expansive range of brands that broadly targets stock, value, and premium price points, through multiple channels, in framed and frameless construction. With the addition of Dura Supreme and Bertch, MasterBrand broadens its position in the highly regarded, premium cabinetry segment, with an enhanced dealer network. Additionally, Supreme brings a strategically located facility footprint with ample capacity to support growth.
“We are excited to be partnering with MasterBrand as we combine our strong growth culture, customer focus and on-trend products with MasterBrands’s extraordinary resources and operational excellence,” said Tony Sugalski, CEO of Supreme Cabinetry Brands. “With our complementary cultures around quality and the customer experience, we have a well-aligned vision for the future.”
The closing of the sale is expected to be completed during the third quarter of 2024, subject to customary closing conditions and other regulatory approvals.
Advisors:
Jefferies LLC is acting as lead financial advisor, and Harris Williams LLC is acting as financial advisor to Supreme on the transaction. Davis Polk & Wardwell LLP and Fredrikson & Byron, P.A. are acting as legal counsel to Supreme on the transaction.
About Supreme Cabinetry Brands
Supreme Cabinetry Brands, Inc. is one of the largest manufacturers of residential cabinetry in America with a beautiful portfolio of product lines significantly focused on the premium cabinetry segment. With manufacturing facilities located in Minnesota, Iowa and North Carolina, Supreme Cabinetry Brands, with its two iconic brands, Dura Supreme and Bertch cabinetry, craft framed and frameless cabinetry for a nationwide network of dealers. For more information, visit www.supremecabinetrybrands.com.
About GHK Capital Partners LP
GHK is a leading middle-market private equity firm focused on making control investments in industrial companies across North America. For more information about GHK, please visit www.ghk.com
About MasterBrand
MasterBrand, Inc. (NYSE: MBC) is one of the largest manufacturers of residential cabinets in North America and offers a comprehensive portfolio of leading residential cabinetry products for the kitchen, bathroom, and other parts of the home. MasterBrand products are available in a wide variety of designs, finishes and styles and span the most attractive categories of the cabinet market: stock, semi-custom and premium cabinetry. These products are delivered through an industry-leading distribution network of over 4,400 dealers, major retailers and builders. MasterBrand employs over 12,000 associates across more than 20 manufacturing facilities and offices. Additional information can be found at www.masterbrand.com
About Dura Supreme Cabinetry
With its headquarters located in Howard Lake, Minnesota, Dura Supreme manufactures semi-custom and custom, framed and frameless cabinetry for a nationwide network of dealers. For nearly 70 years homeowners and designers have looked to Dura Supreme for kitchen and bath cabinetry that fulfills their desire for personalized design choices and outstanding quality of construction. To learn more about Dura Supreme or to contact an authorized Dura Supreme cabinetry dealer visit www.durasupreme.com. To learn how to become a dealer visit www.durasupreme.com/become-a-dealer.