Woodworking Industry News


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.