11/19/2004 – WINCHESTER, VA
Company Announces Land Acquisition in Western Maryland
American Woodmark Corporation (NASDAQ: AMWD), a leading supplier of cabinetry to the new construction and remodeling industry, is acquiring a 37-acre site in the Keysers Ridge Industrial Park situated west of Grantsville, Md., to build a future lumber drying and milling operation in Garrett County, Md. The company plans to begin site preparation immediately and will be investing in the site over the next 12 months to build and equip the factory. Exact timing of factory construction will be determined early next year.
American Woodmark announced two new facilities this year in Moorefield, W. Va., and Allegany County, Md. The company continues to invest aggressively in its facilities and operations to increase manufacturing capacity in response to growing customer demand across its new construction and remodeling channels. .
“This announcement signals the strength of our company, as we continue to work hard to develop the capacity required to meet the growth demands of our customer base,” says Jake Gosa, Chairman and CEO, American Woodmark. This is our number one priority, and we look forward to further developing our relationship with the State of Maryland and the Maryland Economic Development Department as we begin production in our assembly plant in Allegany County and start construction of our newest plant in Garrett County next year.”.
American Woodmark Corporation, located in Winchester, Va., is the third largest manufacturer of kitchen and bath cabinets in the United States and Canada. Offering more than 220 cabinet lines in a wide variety of designs, materials and finishes, American Woodmark products are sold through a network of dealers and distributors and directly to home centers and major home builders. The company currently operates 14 manufacturing facilities in Arizona, Georgia, Indiana, Kentucky, Minnesota, Oklahoma, Tennessee, Virginia and West Virginia, as well as various service centers across the country. The company’s 15th plant currently under construction in Cumberland, Md., is scheduled to start up in January 2005. American Woodmark shares are traded on the NASDAQ National Market under the symbol “AMWD.” To find out more about American Woodmark, and view its vast array of cabinet styles, visit its Web site at www.americanwoodmark.com.