MasterBrand To Merge With American Woodmark In All-Stock Deal
MasterBrand, Inc. (MBC) has announced a merger with American Woodmark Corp. (AMWD) in an all-stock deal valued at $3.6 billion. American Woodmark shareholders will receive 5.150 shares of MasterBrand stock for each share owned. Post-merger, MasterBrand and American Woodmark shareholders will hold approximately 63% and 37% of the new entity, respectively. The merger aims to enhance product offerings and innovation, with completion expected in early 2026, making American Woodmark a wholly-owned subsidiary of MasterBrand. MBC shares rose 4.74% to $11.86 on the NYSE.
Wednesday, MasterBrand, Inc. (MBC) has agreed to merge with American Woodmark Corp. (AMWD) in an all-stock deal, forming a combined company of an enterprise value of $3.6 billion.
As per the deal, American Woodmark shareholders will receive 5.150 shares of MasterBrand common stock for each share of the company's stock owned.
Notably, MasterBrand and American Woodmark shareholders will own approximately 63 percent and 37 percent of the combined company, respectively, on a fully diluted basis.
The deal expects the combined entity, to be led by Dave Banyard, to provide a broader product portfolio across expanded channels, advance its innovation capabilities, and create exciting opportunities for team members.
Upon closing of the deal, expected in early 2026, American Woodmark will become a wholly-owned subsidiary of MasterBrand.
Currently, MBC is moving up 4.74 percent, to $11.86 on the New York Stock Exchange.
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