EAGAN, Minn. - Norcraft Companies, Inc. (“we,” the “Company” or “Norcraft”) (NYSE:NCFT), 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. Including these additional 959,561 shares, the Company’s common stock offering totaled 7,356,634 shares at a price to the public of $16.00 per share. The sale of these additional shares closed on November 19, 2013. Including the proceeds from the sale of these additional shares, the aggregate net proceeds to the Company from the initial public offering, after deducting underwriting discounts and commissions and estimated offering expenses, are approximately $106.5 million.

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 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.

Source: Norcraft Companies

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