Jackson, GA—Reporting third quarter kitchen cabinetry sales of $654 million – an 11 percent gain over 2019, – Fortune Brands will expand its MasterBrand Cabinets operation with an 840,000 sq. ft. plant in Jackson, GA.
Fortune Brands also reported that profitability doubled for its cabinet business. “With this momentum, we have the ability to make investments and deploy capital to accelerate growth,” said CEO Nicholas Fink.
Fink said cabinetry revenues increased both on higher volume as well as price increases set to mitigate the cumulative impact of tariffs. A shift to value-priced products and away from semi-custom and custom cabinets continued, as the next generation homeowners entered the market. MasterBrand sells through 2,500 dealers.
Anti-dumping duties and tariffs on Chinese cabinetmakers have helped MasterBrand overall, and the demand for value-priced cabinets will now be met by its new Georgia plant.
“We have seen a lot of opportunity and accelerated demand in value-priced cabinetry.” said Dave Banyard, president of MasterBrand Cabinets. “Over the years, we have positioned our business to capture that growth. Adding a facility in Georgia helps us expand our reach and meet customer needs.“
Spot finishing at another of MasterBrand Cabinets’ plants, this one in Kinston, NC.
MasterBrand will open its new manufacturing and distribution operations at an existing facility located adjacent to Interstate 75. MasterBrand is preparing the space and equipment, and expects to be fully operational in the upcoming months. Job applications will be accepted at www.masterbrand.com/careers. (The site already lists 55 other production operations jobs open, from CNC operator to Production Assistant, at 13 locations around the U.S.)
“We have clearly entered a new phase of demographics-driven housing growth,” said Fink. “I am incredibly excited about how our teams are poised to drive growth, capture share, grow margins and deploy capital to create even more stakeholder value over the next few years.”
Grow your business at the premier global woodworking trade show.
International Woodworking Fair
August 6–9, 2024
8:30 AM–5:00 PM
8:30 AM–2:00 PM
Georgia World Congress Center
285 Andrew Young International Blvd
Atlanta, GA 30313