American Woodmark Corporation and MasterBrand, Inc. have announced a merger agreement, signed on August 5, 2025, to combine their companies in an all-stock transaction.

MasterBrand rose 9.78% on the news.

Under the agreement, American Woodmark will become a wholly owned subsidiary of MasterBrand, with the new entity operating under the MasterBrand name. The merger will result in American Woodmark shareholders receiving 5.150 shares of MasterBrand common stock for each share of American Woodmark common stock they hold.

This strategic move is expected to enhance the combined company’s market position and operational capabilities, with MasterBrand shareholders owning approximately 63% and American Woodmark shareholders owning about 37% of the new entity. Special meetings for stockholders of both companies are scheduled for October 30, 2025, to vote on the merger proposals.