Norcraft Launches Initial Public Offering of Common Stock

EAGAN, Minn. - 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 launch of its initial public offering of 5,882,353 shares of its common stock. The initial public offering price is expected to be between $16.00 to $18.00 per share. The Company expects to grant the underwriters an option to purchase up to an additional 882,353 shares of common stock. The Company has been approved to list its common stock on the New York Stock Exchange under the symbol "NCFT." The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

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: [email protected]




Phone: (888) 827-7275


Phone: (800) 831-9146









 


Deutsche Bank Securities


RBC Capital Markets


60 Wall Street


Three World Financial Center


New York, NY 10005-2836


200 Vesey Street, 10th Floor


Attention: Prospectus Group


New York, New York 10281-8098


Email: [email protected]




Email: [email protected]



Phone: (800) 503-4611


Phone: (877) 280-1299

A registration statement, including a prospectus, which is preliminary and subject to completion, relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective, and, even then, the securities may only be sold pursuant to the registration statement and final prospectus. 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

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