ACProducts, Inc. on Thursday announced that it has entered into an agreement to acquire Elkay Wood Products Company, a manufacturer of kitchen and bath cabinetry.
EWP has a brand portfolio including Medallion®, Design-Craft®, Yorktowne®, Schuler®, Medallion at Menards®, MasterCraft®, and American Cabinetry Collection®.
The combined company will offer an expansive portfolio across both framed and frameless product offerings. 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.
Tom Samanic, Elkay Wood Products Company’s president commented, “This is an exciting day for Elkay Wood Products and reflects the hard work and dedication of everyone involved in our history and success over the years, most specifically, our dedicated associates as well as our valued customers and suppliers. We have great respect for acpi and look forward to the next phase in our business’ growth as part of the acpi family. Together, we look to build on past success by continuing to drive product innovation and operational excellence to meet customer needs.”
Tim Jahnke, CEO of Elkay Manufacturing Company, parent company of EWP, added, “We found acpi to be the ideal partner for EWP. The combined business will be a stronger company with a broader product offering to serve the market more completely. The sale also enables further investment in the long-term growth of the other Elkay businesses.”
The transaction, which is subject to customary closing conditions, is expected to be completed by the end of Q1, 2019.