MasterBrand and American Woodmark completed their all-stock merger on May 28, 2026, combining two of the biggest names in North American cabinetry under the MasterBrand banner.
Under the deal terms, American Woodmark shareholders received 5.150 shares of MasterBrand common stock for each American Woodmark share. The pre-closing MasterBrand shares will continue to represent about 63% of the combined company’s shares outstanding.
The merger creates a larger cabinet maker with a broader portfolio of brands and products across stock, semi-custom and premium cabinetry. MasterBrand said the deal is expected to generate about $90 million in annual run-rate cost synergies by the end of year three. It also said the transaction is expected to be accretive to adjusted diluted earnings per share in year two.
Leadership stays centered on MasterBrand. Dave Banyard remains president and chief executive officer, and David Petratis remains chairman. Three former American Woodmark directors — Andrew Cogan, Philip Fracassa and Daniel Hendrix — joined MasterBrand’s board as independent directors at closing.
American Woodmark is now a wholly owned subsidiary of MasterBrand, and its common stock will be delisted from Nasdaq. The combined company will continue to trade on the New York Stock Exchange under the ticker MBC.
MasterBrand said it will maintain its headquarters in Beachwood, Ohio, while keeping a presence in Winchester, Virginia. The market has reacted to these announcements by moving the company's shares 11.56% to a price of $9.215. If you want to know more, read the company's complete 8-K report here.
