- American Woodmark Corporation (NASDAQ:AMWD) acquires RSI Home Products in a deal with an implied enterprise value of $1.075B.
- RSI expects to generate net income of over $40M and adjusted EBITDA of over $120M on approximately $560M of revenue for the fiscal year ending on December 31.
- The acquisition is expected to be immediately accretive to American Woodmark's profit margins and EPS.
- "The acquisition of RSI will further enhance American Woodmark by creating a broader product and brand portfolio that is well-positioned to fully leverage our industry-leading service platform across all channels and to drive improved profitability and long-term value for shareholders," says American Woodmark CEO Cary Dunston.
- Source: Press Release