Freedonia Analyst Weighs in on Platinum Equity’s Invest in of Cabinetworks

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CLEVELAND, April 7, 2021 /PRNewswire/ — Platinum Fairness, a primary non-public equity business, announced that they experienced entered into an agreement to obtain Cabinetworks, a single of the nation’s major cupboard manufacturers, from American Industrial Companions. The transaction is envisioned to be concluded in the 2nd quarter of 2021. In […]

CLEVELAND, April 7, 2021 /PRNewswire/ — Platinum Fairness, a primary non-public equity business, announced that they experienced entered into an agreement to obtain Cabinetworks, a single of the nation’s major cupboard manufacturers, from American Industrial Companions. The transaction is envisioned to be concluded in the 2nd quarter of 2021.

In accordance to Freedonia Team industry analyst Matt Zielenski, “Platinum Equity’s invest in of Cabinetworks will placement the firm to enter the US cabinets marketplace, which is presently observing robust expansion. The new housing marketplace has noticed sturdy desire for cupboards as dwelling builders are in a position to market homes as soon as they are concluded. In the huge dwelling advancement sector, kitchen area and rest room transforming is a perpetually well-liked renovation, and they have noticed significant advancement in the previous calendar year as thousands and thousands of homebound Us citizens have carried out such tasks – of which the installation of new and greater cupboards is a crucial portion.”

On top of that, mentioned Zielenski, “Cabinetworks is notably suited for progress likely ahead. The organization has a nationwide network of producing crops, a wide and wide-ranging distribution community, and a range of nicely-regarded brand name names, these as KraftMaid and Merillat. Platinum Fairness will be in a position to increase the benefit of these assets, and, combined with its capital means, be ready to even further position the firm for advancement as the US financial system rebounds from the even worse results of the COVID-10 pandemic.”

For far more data on the US cupboards sector – see the Development Scientific studies webpage that includes the next sector research by The Freedonia Group:

Cabinets

Dwelling Kitchen area and Rest room Reworking

Out of doors Kitchens

About the Freedonia Team – The Freedonia Team, a division of MarketResearch.com, is the premier global industrial investigate enterprise, providing our clients with item analyses, market place forecasts, industry traits, and marketplace share data. From a person-particular person consulting corporations to world-wide conglomerates, our analysts present firms with unbiased, trustworthy business market investigate and analysis to aid them make significant small business conclusions. With around 100 scientific studies released annually, we guidance over 90% of the industrial Fortune 500 businesses. Find off-the-shelf reports at https://www.freedoniagroup.com/ or make contact with us for customized analysis: +1 440.842.2400.

Press Contact:
Corinne Gangloff
+1 440.842.2400
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