ACProducts, Inc. (acpi®) has entered into an agreement to acquire Elkay Wood Products Company ("EWP"), a leading manufacturer of kitchen and bath cabinetry, as the company says in the press release received by Lesprom Network.
The combined company will represent the most diverse and balanced cabinet company in North America. With an expansive portfolio across both framed and frameless product offerings, the combined company will be a leader in serving the dealer, direct-to-builder, and home center channels. The combined plant network spans a national footprint with infrastructure to effectively serve cabinet buyers in all 50 states.
"Elkay Wood Products Company has a long and successful history of serving cabinet dealers, builders and home centers. We are proud to welcome Elkay's 1,600 team members to the acpi family as we grow our fantastic workforce. We are thrilled about the potential this new business combination creates," said Larry Denbrock, President and CEO, acpi.
The transaction, which is subject to customary closing conditions, is expected to be completed by the end of 1Q in 2019.
acpi is the largest independent manufacturer and distributor of cabinets in the United States.
Elkay is 98-year-old family-owned and operated manufacturer of products for the building industry.