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Cabinetworks Group to Close two
Texas facilities |
Cabinetworks Group, the country¡¯s largest privately owned cabinetmaker, today announced that it will close its manufacturing facilities in Marshall and Jefferson, Texas. This strategic decision will optimize the company¡¯s multi-family manufacturing network, leveraging capacity at more modernized and efficient manufacturing plants within its remaining 16-facility network. It will also proactively address changing customer needs, advance operational efficiencies across the network, and address the forecasted slowdown of multi-family starts and completions. Jeff Jackson, Cabinetworks Group Chief Executive Officer, said, ¡°Multi-family builders have faced a volatile market in recent years, and as their trusted business partner, we must be agile in providing best-in-class products and services. This change will position Cabinetworks to serve customers more swiftly and efficiently as we bring new products to market that reflect today¡¯s style preferences while simultaneously rightsizing our operations.¡± Employees were notified of the closure today, and both facilities will cease operations on September 13, 2024. The company is offering assistance to affected employees, including severance packages and outplacement support. The Marshall and Jefferson plants employ over 350 people. Jackson said, ¡°We know these closures will have a significant impact on our team in Marshall and Jefferson. Taking care of our team members and assisting them through the transition is our top priority. We will work closely with state and local resources to provide assistance to those who are impacted. We thank our employees for their dedicated service to Cabinetworks and our customers.¡± About Cabinetworks Group As the largest privately held cabinetmaker in the United States, Cabinetworks Group is home to more than 7,000 employees; 24 locations, including 18 manufacturing facilities; and 18 brands¡ª among them industry leaders KraftMaid®, Medallion® and Merillat®. Through an expansive network of major home centers, independent dealers, distributors and multi-family home builders, Cabinetworks builds life into the kitchen¡ªmeeting any customer¡¯s vision with the industry¡¯s most comprehensive choice. Source: cabinetworksgroup.com |