Business & Tech
Fortune Buys Out Norcraft; Forms Large Cabinet Maker
The Deerfield-based company paid $25.50 per share.
A Deerfield company bought out a Minnesota-based competitor to form a large maker of kitchen and bathroom cabinets, the chicago Tribune reports.
Fortune Brands Home & Security purchased Norcraft Cos. at $25.50 per share. Norcraft’s sales rose almost 11 percent to $376 million last year and closed Friday at $22.90.
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