Norcraft Companies
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Norcraft Companies - overview
Established
1966
Location
Eagan, MN, US
Primary Industry
Consumer Products
About
Norcraft Companies is a manufacturer specializing in cabinetry solutions for residential and commercial markets, offering a diverse range of semi-custom and premium custom cabinetry tailored for kitchen and bathroom environments. Founded in 1966 in Eagan, US, Norcraft Companies operates within the cabinetry sector, providing tailored solutions for various markets. The company was acquired by Fortune Brands Home & Security, Inc in May 2015, following a prior IPO in November 2013 that raised USD 102. 4 mn.
Apax Partners previously held a stake in the company before their exit, which coincided with the acquisition. The company has completed six deals to date, with the most recent funding round being a Trade Sale of USD 600 mn. Norcraft Companies, through its subsidiary MasterBrand Cabinets LLC, specializes in the design and manufacturing of cabinetry solutions for residential and commercial markets. Their offerings include semi-custom and premium custom cabinetry aimed at optimizing kitchen and bathroom spaces for aesthetics and functionality.
The product lines cater to a diverse clientele, including homeowners, interior designers, and contractors, primarily in North America, including the United States and Canada. Notable brands include Abbey Hill, Dwelling, Martha Stewart Living, and Urbana, each providing unique styles and quality assurances through limited lifetime warranties. In 2012, Norcraft Companies reported a revenue of USD 288. 78 mn, with an EBITDA of USD 35.
75 mn for the same year. The company generates revenue primarily through direct sales to consumers via authorized dealers and partnerships with major retailers such as Lowe's, supporting their product lines with warranties to enhance consumer confidence. As part of its growth strategy, Norcraft Companies aims to expand its product offerings and enhance its market presence. The company plans to launch new cabinetry designs tailored to evolving consumer needs, with specific release dates yet to be announced.
Additionally, it seeks to penetrate new geographic markets to broaden its consumer base. Recent funding from the acquisition by Fortune Brands Home & Security, Inc will be utilized to support these initiatives, focusing on product development and market expansion strategies.
Current Investors
KarpReilly
Primary Industry
Consumer Products
Sub Industries
Furniture, Household Appliances
Website
www.norcraftcompanies.com
Verticals
Manufacturing
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Norcraft Companies - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Norcraft Companies | - | ||||||||
| IPO | Completed | Norcraft Companies | - | ||||||||
| Secondary Buyout | Completed | Norcraft Companies | - | ||||||||
| Add-on | Completed | StarMark | - | ||||||||
| Add-on | Completed | UltraCraft Company | - |
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