American Woodmark Announces $65 Million Investment to Expand Capacity in North Carolina and Monterrey, Mexico

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Oct 18, 2022

American Woodmark Corporation (NASDAQ: AMWD) will increase its stock kitchen and bath cabinet capacity for east coast markets. The project will represent a total expected capital investment of approximately $65 million over the next two years and result in the creation of more than 500 new jobs. The Company expects to pay for this investment with cash on hand and borrowings from its revolving credit facility.