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MasterBrand, Inc. to Locate Corporate Headquarters Near Cleveland

CLEVELAND, December 07, 2023--(BUSINESS WIRE)--MasterBrand, Inc. (NYSE: MBC, the "Company," or "MasterBrand"), North America’s largest manufacturer of residential cabinets, has announced plans to locate its corporate headquarters in Beachwood, Ohio.

"Beachwood was selected due to several factors, including its location in relation to our operations, the thriving business community, and access to talent," said Dave Banyard, President & Chief Executive Officer, MasterBrand. "We look forward to opening our headquarters here soon and welcoming our customers and partners from across North America."

With more than 20 manufacturing facilities and offices across the country, MasterBrand considered several options for locating its headquarters. A team comprised of JobsOhio, Team NEO, the City of Beachwood, the Greater Cleveland Partnership, and Cuyahoga County collaborated with MasterBrand to understand its business needs and to provide a variety of resources and insights to help the Company make the decision to land in the Northeast Ohio Region, including a City of Beachwood Job Creation Tax Credit and a JobsOhio Grant.

"I have a long history with and knowledge of the excellence of MasterBrand’s residential cabinets," said Beachwood City Mayor Justin Berns. "These products are top quality within the industry. The City of Beachwood strongly values and supports MasterBrand’s future growth plans as the Company establishes its new headquarters here in our community."

Beachwood and the Northeast Ohio Region are centrally located and offer strong logistics with a solid core transportation infrastructure. Additionally, the lower cost of doing business and strong investments in innovation make it a good choice for manufacturers and corporate headquarters alike.

"We welcome MasterBrand to Cuyahoga County and look forward to the added economic vibrancy that the Company will bring to our county," said Cuyahoga County Executive Chris Ronayne. "MasterBrand’s decision to bring its corporate headquarters to Northeast Ohio and plans to grow here demonstrates the value we offer as a business destination."

"The Northeast Ohio Region offers companies like MasterBrand access to a robust workforce of nearly 187,000 workers experienced in headquarters and professional services operations. We are confident that MasterBrand will find the talent and other resources needed to thrive here," added Team NEO Chief Executive Officer Bill Koehler. "Along with our local partners and JobsOhio we welcome MasterBrand and their reputation of superior craftsmanship and excellent products to the Northeast Ohio Region."

While Beachwood will be its new corporate headquarters, MasterBrand’s operations headquarters will remain in Jasper, Indiana, where the company remains committed to investing in that region as part of its unrivaled North American footprint.

About MasterBrand

MasterBrand, Inc. (NYSE: MBC) is the largest manufacturer of residential cabinets in North America and offers a comprehensive portfolio of leading residential cabinetry products for the kitchen, bathroom, and other parts of the home. MasterBrand products are available in a wide variety of designs, finishes and styles and span the most attractive categories of the cabinets market: stock, semi-custom and premium cabinetry. These products are delivered through an industry-leading distribution network of over 4,500 dealers, major retailers, and builders. MasterBrand employs over 13,600 associates across more than 20 manufacturing facilities and offices. Additional information can be found at www.masterbrand.com.

About Team NEO

Team NEO is a private, nonprofit economic development organization accelerating business growth and job creation throughout the 18 counties of the Northeast Ohio Region. As the designated JobsOhio Network Partner, we align and amplify local economic development efforts in the region’s 18-counties; we conduct research and data analysis to inform local conversations and influence solutions; we market the Northeast Ohio Region; and we work to increase access to jobs, education, and training for the region’s 4.3 million people. We do this to build a more vibrant regional economy; one that is more talented, equitable, competitive, innovative, resilient, and prosperous. For more information, visit northeastohioregion.com.

About JobsOhio

JobsOhio is a private nonprofit economic development corporation designed to drive job creation and new capital investment in Ohio through business attraction, retention, and expansion. The organization also works to seed talent production in its targeted industries and to attract talent to Ohio through Find Your Ohio. JobsOhio works with six regional partners across Ohio: Dayton Development Coalition, Ohio Southeast Economic Development, One Columbus, REDI Cincinnati, Regional Growth Partnership and Team NEO. Learn more at www.jobsohio.com. Follow us on LinkedIn, Twitter and Facebook.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231207535509/en/

Contacts

Team NEO
Nina Holliday
216.363.5428 (o)
216.218.6462 (c)
nholliday@teamneo.org

MasterBrand
Rick Wion
708.227.3731 (c)
Rwion@masterbrand.com

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