CLEVELAND — MasterBrand, Inc., North America’s largest manufacturer of residential cabinets, has announced plans to locate its corporate headquarters in Beachwood, Ohio, a suburb of Cleveland.

"Beachwood was selected due to several factors, including its location in relation to our operations, the thriving business community, and access to talent," said Dave Banyard, president and CEO, MasterBrand. "We look forward to opening our headquarters here soon and welcoming our customers and partners from across North America."

A company spokesperson said that since the company's spin out from Fortune Brands, MasterBrand has been without a corporate headquarters. The new HQ space is scheduled to open in March 2024, and the company has signed an eleven-year lease in an existing building in Beachwood. The company is building out offices for 40 associates.   

MasterBrand is an FDMC 300 listed company. It ranks third on the list with $3.3 billion in annual sales and employs 14,000. It operates 20 manufacturing plants with a total square footage of 6 million.

With more than 20 manufacturing facilities and offices across the country, MasterBrand considered several options for locating its headquarters. A team comprised of JobsOhio, Team NEO, the City of Beachwood, the Greater Cleveland Partnership, and Cuyahoga County collaborated with MasterBrand to understand its business needs and to provide a variety of resources and insights to help the Company make the decision to land in the Northeast Ohio Region, including a City of Beachwood Job Creation Tax Credit and a JobsOhio Grant.

According to the company's statement, "Beachwood and the Northeast Ohio Region are centrally located and offer strong logistics with a solid core transportation infrastructure. Additionally, the lower cost of doing business and strong investments in innovation make it a good choice for manufacturers and corporate headquarters alike."

While Beachwood will be its new corporate headquarters, MasterBrand’s said its operations headquarters will remain in Jasper, Indiana, where it remains committed to investing in that region as part of its unrivaled North American footprint.