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CabinetDIY introduces new Modern Kitchen Cabinets collection aimed at US homeowners, offering customizable designs, finishes with minimalist aesthetics for improved spatial perception

1847 executes LOI to sell 1847 Cabinets to unnamed, prospective buyer for US$27.6M, representing nearly six times company's 2023 EBITDA of US$4.7M; 1847 to use sale proceeds to pursue growth initiatives, and potentially acquire more companies

Closet, home storage manufacturer ClosetMaid shuts down automated Maryland factory and moves production overseas, citing market conditions; factory assets offered up for auction include late model equipment and supplies

Cabinet manufacturers report cabinet sales down 5.6% year-over-year for February to US$223.7M; custom sales down 17.5% year-over-year to US$57.2M, semi-custom sales down 2.5% to US$123.7M, stock sales up 5.2% to US$42.8M: KCMA

New York's 1847 Holdings to acquire a Las Vegas-based commercial cabinet, door and millwork manufacturer for US$16.75M, with deal to close during Q3; target has reported revenues of US$28.6M and US$5.2M EBITDA in 2023

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