Loop Capital Reiterates Buy Rating on MasterBrand (MBC)
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MasterBrand to Acquire Supreme Cabinetry Brands, a Manufacturer of Premier Cabinet Brands
May 21, 2024 7:00 AM EDTAcquisition is strongly aligned with MasterBrands growth priorities, and channel and product strategy
Enhances MasterBrands product and brand portfolio, while meaningfully expanding dealer network, diversity of channel distribution, and delivery of consumer value and choice
Supreme Cabinetry Brands brings exceptional track record of growth and profitability; Companies share highly complementary cultures and commitment to superior customer experience
Significant cost synergies of $28 million expected by the end of year three; Expected to be accretive to adjusted diluted EPS1 within first full year... More
