Norcraft Companies, Inc. (NYSE:NCFT), a leading manufacturer of kitchen and bathroom cabinetry, is expanding its manufacturing facility in Winnipeg, Canada to meet growing demand for its Urban Effects products in the U.S.and Canada.

Norcraft Companies, Inc. a leading manufacturer of kitchen and bathroom cabinetry in the United States and Canada, today reported financial results for the second quarter

Norcraft Cabinetry sales increased 8.6% to $84 million in the first quarter, though icy winter weather delayed deliveries. Net income turned positive, at $2.7 million, in the first full quarter since Norcraft became publicly traded.

Norcraft Cabinets Q4 sales rose 13%, net income rose 42%. An IPO gathered $107.3 Million to retire debt. A move to higher margin cabinetry hurt Q4 sales, which grew at a slower pace than the year as a whole. (NYSE:NCFT)

Norcraft Companies Completes Initial Public Offering in November 2013 Raising Net Proceeds of $107.3 Million Reduces and Refinances Long-term Debt; Expected Annualized Interest Savings of $17.3 Million

Norcraft Companies, Inc., a leading manufacturer of kitchen and bathroom cabinetry in the United States and Canada, announced today that the underwriters of its recent initial public offering have fully exercised their option to purchase up to 959,561 additional shares of the Company’s common stock.

Net sales increased $14.4 million, or 19.1%, from the second quarter of 2012 to the same quarter of 2013.

Net sales increased $14.4 million, ever 19%, to $90.2 million in the second quarter, reversing a year ago loss. Norcraft job openings at three manufacturing sites include CNC operator, builders, and three finisher positions.

Norcraft Cabinets revenue rose more than 14 percent four quarter, but its loss widened compared to a year ago. For the year sales reached $288.8 million, up 7.2 percent. The company lost $9.6 million, more than double last year.