Masco Corporation Announces Completion of the Sale of Masco Cabinetry

Masco Corporation (NYSE: MAS), one of the worlds leading manufacturers of branded home improvement and building products, announced today the completion of the sale of Masco Cabinetry to ACProducts, Inc. for $850 million in cash at closing and preferred stock issued by a holding company of the buyer with a liquidation preference of $150 million.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Tuesday, February 18, 2020
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Other Manufacturing, Construction & Property, Other Retail, Specialty, Home Goods, Interior design, Manufacturing, Retail, Other Construction & Property, Masco, Plymouth Township, Michigan, Merillat Industries
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United States, Michigan
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Summary
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  • Masco Corporation (NYSE: MAS), one of the worlds leading manufacturers of branded home improvement and building products, announced today the completion of the sale of Masco Cabinetry to ACProducts, Inc. for $850 million in cash at closing and preferred stock issued by a holding company of the buyer with a liquidation preference of $150 million.
  • Headquartered in Livonia, Michigan, Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products.
  • We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders.
  • For more information about Masco Corporation, visit www.masco.com .


Masco Corporation (NYSE: MAS), one of the world’s leading manufacturers of branded home improvement and building products, announced today the completion of the sale of Masco Cabinetry to ACProducts, Inc. for $850 million in cash at closing and preferred stock issued by a holding company of the buyer with a liquidation preference of $150 million.

About Masco

Headquartered in Livonia, Michigan, Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our portfolio of industry-leading brands includes Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; Kichler® decorative and outdoor lighting; and HotSpring® spas. We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders. For more information about Masco Corporation, visit www.masco.com.

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