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Fortune Brands boosts cabinets business with Norcraft buy

POSTED BY administrator on Mar 30 under kitchen

Fortune Brands boosts cabinets business with Norcraft buyNews from Reuters: Fortune Brands Home & Security Inc FBHS.N said it would acquire Norcraft Cos Inc NCFT.N for $ 441.4 million to expand its bathroom and kitchen cabinet business. Fortune, which makes MasterBrand cabinets and Moen faucets, will pay $ 25.50 per share, a premium of 11.4 [...]

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