Merger mania returns with a vengeance.(cabinet industry)

From: Wood & Wood Products | Date: November 1, 1998| Author: Adams, Larry | Copyright information

A rash of acquisitions has been sweeping the highly fragmented cabinet industry since Jul 1997, with the latest series of buyouts changing the sector's landscape. Major acquisitions include deals between Masco Corp and Texwood, Fortune Brands and Schrock, Armstrong World Industries and Triangle Pacific, and Pfingsten Partners and Norcraft. These consolidation moves are most beneficial to consumers, as products are produced cheaper and faster by larger companies benefiting from economies of sc...

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