Latest news with #cabinetry
Yahoo
4 days ago
- Business
- Yahoo
Crest Cabinet Company Launches as New In-House Brand from ACC and ECI
Combined Strengths of Two Industry Leaders Deliver Fully Integrated Multifamily Cabinetry Solutions WINSTON-SALEM, N.C., August 07, 2025--(BUSINESS WIRE)--Alexander's Cabinets & Countertops (ACC) and Eastern Cabinet Installers (ECI) today announced the official launch of Crest Cabinet Company, a new in-house brand delivering high-quality import cabinetry solutions tailored to the multifamily housing market across the Southeastern United States. With nearly 40 years of combined industry experience, ACC and ECI bring together their trusted expertise in cabinet supply and professional installation to form a fully integrated solution under the Crest name. The new brand offers end-to-end support—from design and sales to delivery and installation—streamlining the entire cabinetry lifecycle for developers and contractors. "We created Crest to do more than deliver cabinets," said Crystal L. Cramer, Founder & President. "We're here to serve—with honesty, quality, and care that reflect what we believe and how we do business." ACC and ECI have long been recognized for delivering standout customer service, a legacy that now continues with the launch of Crest. By bringing in production under one roof, Crest Cabinet Company will offer unmatched consistency, efficiency, and support from concept to completion, positioning the brand as the go-to partner for cabinetry solutions in the multifamily construction industry. To learn more, explore project highlights, or stay up to date on future developments, visit About Crest Cabinet Company, Inc. Crest Cabinet Company, joining sister companies ACC and ECI, serves multifamily developers and contractors throughout the Southeastern U.S. by delivering high-quality import cabinetry with precision, transparency, and efficiency. Backed by decades of industry experience, Crest stands apart through its end-to-end control of the cabinet process—ensuring consistency, accountability, and superior service at every stage. About Alexander's Cabinets & Countertops, Inc. Founded in 1987, Alexander's Cabinets & Countertops (ACC) is a trusted dealer specializing in high-volume cabinetry solutions for multifamily developments. Known for responsive service and deep product knowledge, ACC partners with developers and contractors to deliver tailored cabinet packages that meet tight timelines without compromising quality. About Eastern Cabinet Installers, Inc. Established in 2007 as a sister company to ACC, Eastern Cabinet Installers (ECI) is a leading installation subcontractor known for its precision, reliability, and speed in multifamily cabinet installations. ECI partners closely with general contractors and developers across the Southeast to ensure each project is completed on schedule and to the highest standards of workmanship. View source version on Contacts Media Contact: Garrett HaywoodGeneral Managerghaywood@ (336) 689-0112 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
4 days ago
- Business
- Associated Press
Crest Cabinet Company Launches as New In-House Brand from ACC and ECI
WINSTON-SALEM, N.C.--(BUSINESS WIRE)--Aug 7, 2025-- Alexander's Cabinets & Countertops (ACC) and Eastern Cabinet Installers (ECI) today announced the official launch of Crest Cabinet Company, a new in-house brand delivering high-quality import cabinetry solutions tailored to the multifamily housing market across the Southeastern United States. With nearly 40 years of combined industry experience, ACC and ECI bring together their trusted expertise in cabinet supply and professional installation to form a fully integrated solution under the Crest name. The new brand offers end-to-end support—from design and sales to delivery and installation—streamlining the entire cabinetry lifecycle for developers and contractors. 'We created Crest to do more than deliver cabinets,' said Crystal L. Cramer, Founder & President. 'We're here to serve—with honesty, quality, and care that reflect what we believe and how we do business.' ACC and ECI have long been recognized for delivering standout customer service, a legacy that now continues with the launch of Crest. By bringing in production under one roof, Crest Cabinet Company will offer unmatched consistency, efficiency, and support from concept to completion, positioning the brand as the go-to partner for cabinetry solutions in the multifamily construction industry. To learn more, explore project highlights, or stay up to date on future developments, visit About Crest Cabinet Company, Inc. Crest Cabinet Company, joining sister companies ACC and ECI, serves multifamily developers and contractors throughout the Southeastern U.S. by delivering high-quality import cabinetry with precision, transparency, and efficiency. Backed by decades of industry experience, Crest stands apart through its end-to-end control of the cabinet process—ensuring consistency, accountability, and superior service at every stage. About Alexander's Cabinets & Countertops, Inc. Founded in 1987, Alexander's Cabinets & Countertops (ACC) is a trusted dealer specializing in high-volume cabinetry solutions for multifamily developments. Known for responsive service and deep product knowledge, ACC partners with developers and contractors to deliver tailored cabinet packages that meet tight timelines without compromising quality. About Eastern Cabinet Installers, Inc. Established in 2007 as a sister company to ACC, Eastern Cabinet Installers (ECI) is a leading installation subcontractor known for its precision, reliability, and speed in multifamily cabinet installations. ECI partners closely with general contractors and developers across the Southeast to ensure each project is completed on schedule and to the highest standards of workmanship. View source version on CONTACT: Media Contact: Garrett Haywood General Manager [email protected] (336) 689-0112 KEYWORD: UNITED STATES NORTH AMERICA NORTH CAROLINA INDUSTRY KEYWORD: ARCHITECTURE CONSTRUCTION & PROPERTY OTHER MANUFACTURING SPECIALTY OTHER CONSTRUCTION & PROPERTY INTERIOR DESIGN MANUFACTURING RETAIL SOURCE: Crest Cabinet Company Copyright Business Wire 2025. PUB: 08/07/2025 12:29 PM/DISC: 08/07/2025 12:29 PM
Reuters
5 days ago
- Business
- Reuters
MasterBrand, American Woodmark to merge in $3.6 billion cabinetry deal
NEW YORK, Aug 6 (Reuters) - U.S. cabinetry manufacturers MasterBrand Inc (MBC.N), opens new tab and American Woodmark Corp (AMWD.O), opens new tab said on Wednesday they will merge in an all-stock deal, creating a company worth $3.6 billion, including debt, amid consolidation in the highly fragmented building products sector. Stocks of both companies had fallen by about half over the past year, with high interest rates cooling building activity since 2022 by raising borrowing costs for both developers and homeowners. American Woodmark's stock jumped 15% to $62 following the news, and MasterBrand rose 8.12% to $12.25 in afternoon trading. Expectations are growing that the Federal Reserve will lower interest rates, which would revive housing demand and renovations. The U.S. faces a record shortage of 4.7 million homes, Zillow said in a July 2025 analysis. The building sector is expected to grow, supported by aging housing stock, persistently short supply, and renewed commercial and infrastructure development funded by the $1.2 trillion Infrastructure Investment and Jobs Act, according to an Oppenheimer analyst report. The median age of U.S. homes remains in the early 40s, the oldest on record, according to the U.S. Census Bureau's 2023 housing stock snapshot, supporting long-term demand for repair, remodeling and building products. Deal activity has surged in building products this year, in a sector largely shielded from tariffs, as most manufacturing occurs domestically. These include Home Depot's acquisition of GMS, and an $11 billion buyout offer of Beacon Roofing from billionaire Brad Jacobs' firm QXO. Under the American Woodmark deal, each of its shares will be exchanged for 5.15 MasterBrand shares, giving MasterBrand 63% ownership of the combined company and American Woodmark 37%. An earnings boost is expected by the second year, with annual estimated savings of $90 million by the third year. The combined company would have a pro forma equity value of $2.4 billion and an enterprise value of $3.6 billion. The transaction is expected to close in early 2026. Rothschild & Co acted as MasterBrand's financial advisor and Jefferies provided financial advisory to American Woodmark.
Yahoo
5 days ago
- Business
- Yahoo
MasterBrand, American Woodmark to merge in $3.6 billion cabinetry deal
By Sabrina Valle NEW YORK (Reuters) -U.S. cabinetry manufacturers MasterBrand Inc and American Woodmark Corp said on Wednesday they will merge in an all-stock deal, creating a company worth $3.6 billion, including debt, amid consolidation in the highly fragmented building products sector. Stocks of both companies had fallen by about half over the past year, with high interest rates cooling building activity since 2022 by raising borrowing costs for both developers and homeowners. American Woodmark's stock jumped 15% to $62 following the news, and MasterBrand rose 8.12% to $12.25 in afternoon trading. Expectations are growing that the Federal Reserve will lower interest rates, which would revive housing demand and renovations. The U.S. faces a record shortage of 4.7 million homes, Zillow said in a July 2025 analysis. The building sector is expected to grow, supported by aging housing stock, persistently short supply, and renewed commercial and infrastructure development funded by the $1.2 trillion Infrastructure Investment and Jobs Act, according to an Oppenheimer analyst report. The median age of U.S. homes remains in the early 40s, the oldest on record, according to the U.S. Census Bureau's 2023 housing stock snapshot, supporting long-term demand for repair, remodeling and building products. Deal activity has surged in building products this year, in a sector largely shielded from tariffs, as most manufacturing occurs domestically. These include Home Depot's acquisition of GMS, and an $11 billion buyout offer of Beacon Roofing from billionaire Brad Jacobs' firm QXO. Under the American Woodmark deal, each of its shares will be exchanged for 5.15 MasterBrand shares, giving MasterBrand 63% ownership of the combined company and American Woodmark 37%. An earnings boost is expected by the second year, with annual estimated savings of $90 million by the third year. The combined company would have a pro forma equity value of $2.4 billion and an enterprise value of $3.6 billion. The transaction is expected to close in early 2026. Rothschild & Co acted as MasterBrand's financial advisor and Jefferies provided financial advisory to American Woodmark.
