Deal Details
Acquisition of RSI Home Products, Inc.
Summary
Baird served as the exclusive financial advisor to American Woodmark Corporation on this transaction
About
American Woodmark Corporation (“American Woodmark” or the “Company”) (NASDAQ:AMWD), recently completed its acquisition of RSI Home Products, Inc. ("RSI") for consideration consisting of 1,457,568 newly issued shares of American Woodmark common stock, approximately $354 million in net cash and the assumption of approximately $589 million of RSI debt. The cash portion of the consideration remains subject to certain customary post-closing working capital, indebtedness and seller expense true-ups.American Woodmark Corporation manufactures and distributes bath, kitchen and home organization products for the remodeling and new home construction markets. American Woodmark’s products are sold on a national basis directly to home centers, major builders and through a network of independent distributors. The Company presently operates 18 manufacturing facilities and 7 service centers across the country. American Woodmark is headquartered in Winchester, Virginia.
Since RSI was founded in 1989, it has been a customer-focused, quality-driven manufacturer of bath, kitchen and home organization products throughout the United States and Canada. RSI has outpaced its competition and continues to offer high-quality, low-cost, value-rich products. RSI employs more than 4,200 people and has manufacturing and distribution facilities in California, North Carolina, Texas and Mexico. RSI is headquartered in Anaheim, California.
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- Date
- December 2017
- Company
- American Woodmark Corporation
- Transaction
- M&A
- Sectors
- Industrial
- Target Geography
- North America
- Acquiror Geography
- North America
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