Group Cabico Inc. Acquires The Elmwood Group Limited

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Acquisition solidifies Cabico’s position as Canada’s largest privately held custom cabinetry manufacturer

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"Our combined product offering and network of more than 600 dealers give us unprecedented reach across the US and Canadian markets.”

Group Cabico Inc., a leading Canadian manufacturer of fine custom cabinetry, today announced that it has acquired The Elmwood Group Limited, a growing privately held manufacturer of high-quality custom kitchen and bath cabinetry. The transaction also includes the purchase of Maplecraft Doors Limited, an Ontario-based manufacturer of cabinet doors. The Elmwood acquisition brings Cabico’s combined sales to over $100,000,000, making it the largest privately held custom cabinetry manufacturer in Canada, and the third largest in North America.

The transaction brings together the talent of more than 600 dedicated employees who handcraft fine cabinetry in combined manufacturing facilities over 350,000 square feet.

"Cabico and Elmwood are committed to positioning their businesses for strong growth, and this is an important step that builds on the strengths and reputations of two of the leading custom cabinetry manufacturers in North America,” said Alain Ouzilleau, Cabico’s CEO. "Our combined product offering and network of more than 600 dealers give us unprecedented reach across the US and Canadian markets.”

Elmwood has been crafting fine custom cabinetry since 1973 and will continue to operate under the Elmwood brand, maintaining its production facilities in St. Catharines, Ontario. Investments in both human and capital resources are planned to increase production capacity in the near future. Mr. Ouzilleau becomes CEO of both Elmwood and Maplecraft.

"Together, with our 250 employees, we are very excited to join Cabico and its 350 employees, who are as dedicated to making fine quality cabinetry as we are,” said Bob Wiens, one of Elmwood’s former co-owners. “Joining forces with Cabico makes us stronger and ensures the Elmwood brand will continue to be synonymous with innovation, quality and service.”

Mike Vahrmeyer, another former Elmwood co-owner, echoed Mr. Wiens’ comments: “This transaction is an important milestone in Elmwood’s future development.”

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About Group Cabico Inc.

Founded in 1986, Group Cabico Inc. is a leading North American manufacturer of custom cabinetry now composed of two Canadian groups: Cabico, based in Coaticook, Quebec, and Elmwood, located in St. Catharines, Ontario. The company has more than 600 employees who operate in production facilities of over 350,000 square feet. Cabico and Elmwood products are available from over 600 dealers across the United States and Canada.

For more information about Cabico, Elmwood or Maplecraft, please visit http://www.cabico.com, http://www.elmwoodkitchens.com and http://www.maplecraftdoors.com.

Media Contact:
Leanne Wood
Flying Camel PR
519-756-2709 x 222
Cell: 519-754-7745
leanne(at)flyingcamel(dot)com

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Leanne Wood
Flying Camel PR
+1 5197562709 Ext: 222
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