MBC - MasterBrand: Kitchen Cabinets Player Reinforces Its Position With Acquisition
2024-05-29 10:45:56 ET
Summary
- MasterBrand, Inc., the largest North American residential cabinet manufacturer, has acquired Supreme Cabinetry Brands, increasing its market positioning in the upper segment.
- Despite a decline in sales in 2023, MasterBrand managed to grow its EBITDA margins and posted strong profits.
- The acquisition of Supreme Cabinetry Brands is a substantial deal that will fill gaps in the premium segment and add bath products to MasterBrand's portfolio.
- Some question marks still need to be answered and despite a modest earnings multiple, I am mindful of the momentum displayed by shares already.
Shares of MasterBrand, Inc. ( MBC ) hit the newswires recently as the largest North American residential cabinet manufacturer increased its market positioning with the purchase of Supreme Cabinetry Brands. This is a substantial deal, as MasterBrand has only been a separate business since late 2022....
MasterBrand: Kitchen Cabinets Player Reinforces Its Position With Acquisition