NEWS
Master WoodCraft Cabinetry sold to acpi
Master WoodCraft Cabinetry has been acquired
by acpi (ACProducts Inc.). Details of the transaction,
which closed June 4, were not disclosed.
Based in Marshall, Texas, Master WoodCraft Cabine-
try was founded in 2008 by Gene and Patsy Ponder.
The loss last year of their son, Kenny Ponder, executive vice president, was instrumental in their decision
to retire and sell the cabinet firm, a statement from
the company said. The two will serve on acpi’s board
of directors.
The acquisition of Master WoodCraft Cabinetry as a
wholly owned subsidiary makes acpi the fourth largest kitchen cabinet manufacturer in the United States.
The addition of Master WoodCraft Cabinetry creates four distinct cabinet divisions for acpi, including:
Smart Cabinetry, Cabinets 2000 which was acquired
in April, and acpi, which markets its products under
the Advanta Cabinets, Echelon Cabinetry and Serenade Cabinetry brands.
https://bit.ly/2JuMj7R
- K.K.
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