Saunders, Karp and Trimaran Capital to exit Norcraft Companies

Fortune Brands Home & Security Inc. has agreed to buy Norcraft Companies Inc. in a deal valued at $600 million. Saunders, Karp & Megrue and Trimaran Capital Partners are selling their stake in Norcraft, which makes kitchen and bathroom cabinets, and went public in 2013. Norcraft may solicit alternative proposals in a 35-day go-shop. Eagan, Minnesota-based Norcraft announced the sale as part of its fourth quarter and full year financial results. Citigroup Global Markets Inc. provided financial advice to Norcraft.

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