MasterBrand, Inc. completed the acquisition of American Woodmark Corporation on May 28, 2026. The transaction involved an exchange ratio of 5.150 MasterBrand shares for each American Woodmark share, totaling 77,031,379 new shares issued. MasterBrand assumed American Woodmark's operations and settled its existing debt using a new $375 million Term Loan A. The combined entity's pro forma balance sheet as of March 29, 2026, reflects total assets of $4.53 billion and total liabilities of $2.53 billion. Pro forma net income for the 52 weeks ended December 28, 2025, is estimated at $51.5 million on a combined basis.