Norcraft Companies Announces Plant Expansion at Winnipeg, Canada Facility

- More than Doubles Manufacturing Capacity in Canada to Meet Growing Demand -

EAGAN, Minn.--()--Norcraft Companies, Inc. ("we", the “Company” or “Norcraft”) (NYSE:NCFT), a leading manufacturer of kitchen and bathroom cabinetry in the United States and Canada, today announced it has started an expansion of its manufacturing facility in Winnipeg, Canada to meet growing demand for its Urban Effects products throughout Canada and the United States.

“Risk Factors’’ section of the Company's 2013 Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 31, 2014.”

“We are pleased to announce the expansion of our footprint in the very attractive and strategic Canadian market” stated Mark Buller, Chairman and Chief Executive Officer of Norcraft Companies. “This facility expansion is a direct result of our commitment to introducing new products and servicing our customers to grow our business in this region. The new capacity will further enable us to increase our sales and profitability in Canada as we more than double our manufacturing capacity, enhance our logistical and operational efficiencies, and position ourselves to better serve our customers."

Norcraft will invest approximately $7.1 million to add 78,000 square feet to the Company’s existing 56,700 square foot facility. The expansion will be focused on expanding the current manufacturing operations, reducing offsite warehousing and bringing back offsite shipping activities to the plant. The company expects the new capacity to be operational in mid-2015.

ABOUT NORCRAFT COMPANIES

Norcraft is a leading manufacturer of kitchen and bathroom cabinetry in the United States and Canada. Norcraft provides its customers with a single source for a broad range of high-quality cabinetry, including stock and semi-custom cabinets manufactured in both framed and frameless (full access) construction. Norcraft markets its products through seven main brands: Mid Continent Cabinetry, Norcraft Cabinetry, UltraCraft, StarMark Cabinetry, Fieldstone Cabinetry, Brookwood and Urban Effects.

FORWARD LOOKING STATEMENTS AND INFORMATION

Statements in this press release regarding activities, events or developments that management expects, believes or anticipates will or may occur in the future are forward looking statements. Forward looking statements may give management’s current expectations and projections relating to the financial condition, results of operations, plans, objectives, future performance and business of the Company. You can identify these statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as ‘‘anticipate,’’ ‘‘estimate,’’ ‘‘expect,’’ ‘‘project,’’ ‘‘intend,’’ ‘‘plan,’’ ‘‘believe’’ and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events.

These forward looking statements are based on management’s expectations and beliefs concerning future events affecting the Company. They are subject to uncertainties and factors relating to the Company’s operations and business environment, all of which are difficult to predict and many of which are beyond the Company’s control. Although management believes that the expectations reflected in its forward looking statements are reasonable, management does not know whether its expectations will prove correct. Such expectations can be affected by inaccurate assumptions that management might make or by known or unknown risks and uncertainties. Many factors that could cause actual results to differ materially from these forward looking statements including, but not limited to, the risks outlined under the “Risk Factors’’ section of the Company's 2013 Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 31, 2014.

Because of these factors, investors should not place undue reliance on any of these forward looking statements. Further, any forward looking statement speaks only as of the date on which it is made and, except as required by law, the Company undertakes no obligation to update any forward looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.

Contacts

Investor Relations:
Rodny Nacier, 651-234-3302
Investorrelations@norcraftcompanies.com

Norcraft Companies, Inc.