American Woodmark Announces Acquisition of RSI

1/17/18 Am Wood/RSI


American Woodmark Corporation  announced the completion of its acquisition of RSI Home Products, Inc. for consideration consisting of 1,457,568 newly issued shares of American Woodmark common stock, approximately $354 million in net cash and the assumption of approximately $589 million of RSI debt.  The cash portion of the consideration remains subject to certain customary post-closing working capital, indebtedness and seller expense true-ups.

RSI is a leading manufacturer of kitchen and bath cabinetry and home storage products. The company was founded in 1989 by Ron Simon. RSI employs more than 4,200 people and has manufacturing and distribution

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