Masco Corporation Announces Completion of the Sale of Masco Cabinetry
Masco Corporation, one of the world’s leading manufacturers of branded home improvement and building products, announced 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, Mich., 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; KraftMaid® and Merillat® cabinets; 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.
Contact:
David Chaika – Vice President, Treasurer & Investor Relations – david_chaika@mascohq.com – (313) 792-5500
Source: Masco Corporation
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