Mergers and Acquisitions

Woodworking Industry News

Cabinotch expands reach with acquisition of KCD Software

Cabinotch, a leading provider of innovative woodworking solutions has acquired KCD Software, an award-winning custom design to CNC manufacturing software. The company said that the strategic move marks a “significant step forward for Cabintoch Innovative Solutions’ commitment to better serving the needs of woodworkers and cabinetmakers worldwide.”

Cabinets

1847 executes Letter of Intent to sell 1847 Cabinets Inc. for $27.6 million

NEW YORK — 1847 Holdings LLC, a holding company, announced the execution of a non-binding Letter of Intent with a prospective strategic buyer to sell all assets of 1847 Cabinets Inc.Under the terms of the LOI, the buyer has proposed an enterprise value of $27.6 million for the acquisition of all assets of 1847 Cabinets Inc. The amount, the company said in a statement, represents a 5.91x multiple of 2023 EBITDA of approximately $4.7 million.

Woodworking Industry News

West Fraser sells Quesnel facility

West Fraser Timber Co. Ltd. has completed the sale of its Quesnel River Pulp mill, and its Slave Lake Pulp mill to an affiliate of a fund managed by Atlas Holdings following completion of customary regulatory reviews and satisfaction of customary closing conditions.