Eagan, Minnesota, Norcraft Companies, Inc. (“we,” the “Company” or “Norcraft”), a leading manufacturer of kitchen and bathroom cabinetry in the United States and Canada, announced today the upsizing and pricing of its initial public offering. The size of the offering has been increased from the previously announced 5,882,353 shares of common stock to 6,397,073 shares of common stock at a price of $16.00 per share.

The Company has granted the underwriters a 30-day option to purchase up to an additional 959,561 shares from the Company. The Company's common stock will begin trading on November 7, 2013 on the New York Stock Exchange under the symbol "NCFT." The offering is expected to close on November 12, 2013, subject to market and other conditions.

The net proceeds of the offering are estimated to be approximately $92.2 million after deducting underwriting discounts and commissions and estimated offering expenses, prior to any exercise of the underwriters' option to purchase additional shares. The Company intends to use the net proceeds from the offering to repay indebtedness and to fund certain formation transaction costs.

Citigroup, UBS Investment Bank, Deutsche Bank Securities and RBC Capital Markets are acting as joint book-runners of the offering. KeyBanc Capital Markets and Stephens Inc. are acting as co-managers. The offering of these securities is being made only by means of a prospectus. Copies of the preliminary prospectus can be obtained from:

Citigroup UBS Investment Bank
1155 Long Island Avenue 299 Park Avenue, Edgewood, NY 11717 New York, NY 10171 Attention: Broadridge Financial Solutions Attention: Prospectus Department Email: batprospectusdept@citi.com Phone: (888) 827-7275 Phone: (800) 831-9146

Deutsche Bank Securities RBC Capital Markets 60 Wall Street Attn: Equity Syndicate New York, NY 10005-2836 Three World Financial Center Attention: Prospectus Group 200 Vesey Street, 8th Floor Email: prospectus.cpdg@db.com New York, NY 10281-8098 Phone: (800) 503-4611 Phone: (877) 822-4089

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on November 6, 2013. This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Norcraft Companies 

Norcraft is a leading manufacturer of kitchen and bathroom cabinetry in the United States and Canada. We provide our customers with a single source for a broad range of high-quality cabinetry, including stock and semi‐custom cabinets manufactured in both framed and frameless (full access) construction. We market our products through seven main brands: Mid Continent Cabinetry, Norcraft Cabinetry, UltraCraft, StarMark Cabinetry, Fieldstone Cabinetry, Brookwood and Urban Effects.

 

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