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PRESS RELEASE -Markraft Cabinets Acquires Apex Cabinet Company

June 20th, 2017 | Posted in News

April 24, 2016

FOR IMMEDIATE RELEASE

Wilmington’s MarKraft, Inc. Acquires Apex Cabinet Company

Wilmington, NC As part of its ongoing growth strategy, Markraft Cabinets has acquired Apex Cabinet Company.  The deal, which closed on March 31, 2017 expands MarKraft’s footprint in North Carolina from its headquarters in Wilmington to the Raleigh-Durham area.

MarKraft’s President, Cee Edwards, said inking a deal with Apex Cabinet Company gives MarKraft “a platform to continue growing” as the company expands its reach as the region’s leading provider of cabinetry and cabinetry design.

“Our last acquisition was in 2015”, Edwards explained, “We take a careful, methodical approach to our growth, ensuring that any company we acquire meets our high service standards, and that its core values are consistent with our own. After months of due diligence, we felt confident that Apex Cabinet Company was an ideal fit for our brand.”

Found in 1952, Apex Cabinet Company has been a family-owned business ever since; the business is currently operated by the founder’s daughter and son-in-law.  Under the agreement, Apex Cabinet Company, one of the largest kitchen and bath service providers in the Triangle, will keep its name and its current staff, but be owned and operated by the MarKraft team.

Edwards said: “We have always put collaboration, innovation, and client service at the center of MarKraft’s philosophy and practice.  Bringing Apex Cabinet Company under the MarKraft umbrella allows us to further our company vision while growing and better serving our clients across the southeast.”

In 1985, CEO and founder, Joe Jacobus, started the Wilmington-based business that is now MarKraft with just one cabinetry line. The company grew steadily over the years, creating a strong presence in both the Wilmington, NC and Nashville, TN markets. MarKraft opened a 15,000-square-foot office, warehouse, and Design Center in Nashville in 2014.

In 2015, MarKraft celebrated its 30th year in business by acquiring a local competitor and unveiling its 13,500 square-foot headquarters and Design Center on Castle Creek Lane in Wilmington. 2015 also brought an opportunity to establish a branch operation with a local builder in Hilton Head, SC.

Today, MarKraft has 80 employees across the southeast, representing over twenty of the best cabinetry, hardware, countertop, lighting and tile manufacturers in the industry. MarKraft supplies cabinetry, countertop and design elements for kitchens and baths, working with professionals in all phases of building –  architects and designers, builders and contractors, decorators and homeowners.  As such, MarKraft is an established leader in cabinetry design and installation services.

Contact:

Cee Edwards, President, MarKraft, Inc.

2705 Castle Creek Lane, Wilmington, NC 28401

Phone: (910) 793-0202

Web:  markraft.com

Email: cedwards@markraft.com

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