MasterBrand Inc (MBC) just unveiled an update.
MasterBrand Cabinets LLC, a subsidiary of MasterBrand, Inc., successfully completed its acquisition of Dura Investment Holdings LLC for $520 million on July 10, 2024, with Dura becoming a wholly-owned subsidiary post-merger. The deal, announced in a press release on July 11, was finalized according to the terms of the revised merger agreement. This strategic move is expected to expand MasterBrand’s market presence and create value for stakeholders, although the company cautions that forward-looking statements are subject to various risks and uncertainties.
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