MasterBrand and American Woodmark completed their all-stock merger on May 28, 2026, combining two cabinet makers into a single company that now operates under the MasterBrand name.
Under the deal, American Woodmark shareholders received 5.150 shares of MasterBrand common stock for each American Woodmark share. The pre-closing MasterBrand shares remain outstanding and now represent about 63% of the combined company’s shares outstanding.
The combined company is projecting about $90 million in annual run-rate cost synergies by the end of year three. Management also said the transaction is expected to be accretive to adjusted diluted earnings per share in year two.
The merger immediately reshaped the board. Three former American Woodmark directors — Andrew Cogan, Philip Fracassa and Daniel Hendrix — joined MasterBrand’s board as independent directors. David Petratis remains chairman, and Dave Banyard remains president and chief executive officer.
American Woodmark is now a wholly owned subsidiary of MasterBrand. MasterBrand will keep trading on the New York Stock Exchange under the ticker MBC, while American Woodmark shares will be delisted from Nasdaq.
The combined company says it now has the industry’s most comprehensive portfolio of cabinetry brands and products in North America, with operations centered in Beachwood, Ohio, and a continued presence in Winchester, Virginia. Following these announcements, the company's shares moved 3.28%, and are now trading at a price of $9.615. For more information, read the company's full 8-K submission here.
