BEACHWOOD, Ohio —  MasterBrand, through its subsidiary MasterBrand Cabinets, has agreed to acquire Supreme Cabinetry Brands from GHK Capital Partners for $520 million in cash. The sale’s closing is expected to be completed during the third quarter of 2024, subject to customary closing conditions and other regulatory approvals. MasterBrand, which in 2024 entered its second year as a stand-alone company after divesting from Fortune Brands in December 2022, is the nation’s largest cabinet company. Howard Lake, Minnesota-based Supreme Cabinetry had sales of $253 million. …According to MasterBrand, the acquisition is expected to deliver annual cost synergies of $28 million by the end of year three. These will come from areas including procurement, facility optimization, and overhead expenses. In addition to the cost synergies, MasterBrand anticipates commercial synergies across the companies’ complementary channels and product lines.