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American Industrial Partners ends long Cabinetworks hold through sale to Platinum Equity


Kitchen and bath cabinet specialist Cabinetworks produces products under brands including KraftMaid, Medallion, Smart, Echelon, Master WoodCraft and Cabinets 2000.
Platinum Equity has previously invested in building products businesses including Interior Logic Group, the largest US provider of interior design and finish solutions for the homebuilding industry, and PrimeSource, a national distributor of specialty building materials including fasteners serving the new-construction and remodeling markets.
Platinum partner Jacob Kotzubei said, “Cabinetworks has a comprehensive portfolio of highly-respected, fast-growing brands, a strong leadership team and a proven track record for growth.
“The company’s leading position in the cabinets space, combined with Platinum Equity’s operational toolkit and M&A resources, make Cabinetworks a great fit for our portfolio.” ....

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Platinum Equity to Acquire the Cabinetworks Group, a Leading Manufacturer of Kitchen Cabinets


Platinum Equity to Acquire the Cabinetworks Group, a Leading Manufacturer of Kitchen Cabinets
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LOS ANGELES, April 5, 2021 /PRNewswire/  Platinum Equity today announced that it has entered into a definitive agreement to acquire The Cabinetworks Group ( Cabinetworks ) from American Industrial Partners, GIC and other equity holders.
Cabinetworks is the largest independently owned manufacturer and distributor of kitchen and bath cabinets in the United States under the nation s leading brands, including: KraftMaid, Medallion, Smart, Merillat, Yorktowne, Echelon, Advanta, Studio Full Access, Master WoodCraft, and Cabinets 2000. The company produces both framed and frameless cabinetry, operating out of 14 assembly plants and three component facilities, and serves customers through a multi-channel approach including sales to dealers, home centers and distributors across the United States. ....

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