Press release

Governor Cooper Announces 131 New Jobs as American Woodmark Expands in Richmond County

Oct. 18, 2022

RALEIGH, N.C. and WINCHESTER, Va. (October 18, 2022) – American Woodmark Corporation (NASDAQ: AMWD), one of the nation’s largest manufacturers of cabinets, will expand its operations in Hamlet, North Carolina creating 131 jobs in Richmond County, Governor Roy Cooper announced today.

"Strong rural communities like Hamlet provide manufacturing companies a great environment for expansion and growth,” said Governor Cooper. “From our skilled workforce to our superior transportation network, American Woodmark knows North Carolina well and their decision shows that we have the right ingredients for success.”

Founded in 1980, American Woodmark, with headquarters in Winchester, Virginia, became a public company in 1986. Today, the company operates 18 manufacturing and distribution centers and eight primary service centers across North America, distributing products under more than a dozen brand names across the country. American Woodmark’s expansion project in Hamlet will help the company meet growing demand, increasing the company’s finished goods production capacity for its east coast networks.

“Our company strategy is focused on Growth, Digital Transformation and Platform Design or “GDP,” said Scott Culbreth, President and Chief Executive Officer of American Woodmark. “After a comprehensive review of our platform, we identified the need for additional capacity in our stock kitchen and bath cabinetry platform. By expanding in the United States, we will strengthen our overall supply chain and allow for incremental capacity in both categories on the east coast, which is one of the largest repair/remodel and new construction markets.”

Although wages for the new jobs will vary depending on position, the average salary will be $44,748, which is above the current average wage in Richmond County of $38,035. The state and local area will enjoy an additional impact of more than $5.8 million each year from the new payroll.

"North Carolina’s rural workforce keeps companies like American Woodmark a step ahead,” said North Carolina Commerce Secretary Machelle Baker Sanders. “As our First in Talent strategic plan for economic development makes clear, North Carolina will continue to provide our workers with the education and training they need to support manufacturers in our state.”

American Woodmark’s project in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today. Over the course of 12 years, the project is estimated to grow the state’s economy by $185.8 million. Using a formula that takes into account the new tax revenues generated by the new jobs, as well as a capital investment of $36.2 million, the agreement authorizes the potential reimbursement to the company of up to $1,086,000, spread over 12 years. The company’s capital investment will be funded through American Woodmark’s direct capital investment and amortized lease costs. Payments for all JDIGs only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company.

“There’s no better endorsement for the state’s business climate than when an existing industry chooses to expand in North Carolina,” said N.C. Senator Tom McInnis. “We’re proud that American Woodmark is bringing new jobs and investment to Hamlet, to Richmond County, and to the people of our region.”

In addition to the North Carolina Department of Commerce and the Economic Development Partnership of N.C., other key partners on this project were the North Carolina General Assembly, the North Carolina Community College System, Richmond County, and Richmond County Economic Development.

About American Woodmark

American Woodmark celebrates the creativity in all of us. With over 10,000 employees and more than a dozen brands, we’re one of the nation’s largest cabinet manufacturers. From inspiration to installation, we help people find their unique style and turn their home into a space for self expression. By partnering with major home centers, builders, and independent dealers and distributors, we spark the imagination of homeowners and designers and bring their vision to life. Across our service and distribution centers, our corporate office, and manufacturing facilities, you’ll always find the same commitment to customer satisfaction, integrity, teamwork, and excellence.

Visit americanwoodmark.com to learn more and start building something distinctly your own.

View source version on businesswire.comhttps://www.businesswire.com/news/home/20221018005888/en/Governor-Cooper-Announces-131-New-Jobs-as-American-Woodmark-Expands-in-Richmond-County 

Kevin Dunnigan
VP & Treasurer
540-665-9100

Source: American Woodmark Corporation

Related press releases

  • American Woodmark announces leadership transition
    American Woodmark announces leadership transition Jul 14, 2020 CFO Scott Culbreth named CEO; former CEO Cary Dunston retires; Paul Joachimczyk named CFO; Vance Tang elected Chairman; SVP of Sales Perry Campbell separates Read article
  • American Woodmark Corporation announces conditional full redemption of 4.875% senior notes due 2026
    American Woodmark Corporation announces conditional full redemption of 4.875% senior notes due 2026 Mar 26, 2021 WINCHESTER, Va.--(BUSINESS WIRE)-- American Woodmark Corporation (NASDAQ: AMWD) (the “Company”) today announced that it will give a notice of conditional full redemption to redeem all $350 million aggregate principal amount outstanding of its 4.875% Senior Notes due 2026 (the “Notes”) pursuant to the terms of the indenture governing the Notes (the “Redemption”). Read article
  • American Woodmark Corporation announces third quarter conference call on the internet
    American Woodmark Corporation announces third quarter conference call on the internet Feb 11, 2022 American Woodmark Corporation (NASDAQ: AMWD) will provide an online, real-time webcast of its conference call to discuss third quarter results on Thursday, February 24, 2022. Read article
  • American Woodmark Corporation announces fourth quarter conference call on the internet
    American Woodmark Corporation announces fourth quarter conference call on the internet May 17, 2016 American Woodmark Corporation (NASDAQ: AMWD) will provide an online, real-time webcast of its conference call to discuss fourth quarter results on Thursday, June 2, 2016. Read article
  • American Woodmark Corporation announces second quarter conference call on the internet
    American Woodmark Corporation announces second quarter conference call on the internet Nov 08, 2016 American Woodmark Corporation (NASDAQ: AMWD) will provide an online, real-time webcast of its conference call to discuss second quarter results on Tuesday, November 22, 2016. Read article
  • American Woodmark Corporation announces third quarter conference call on the internet
    American Woodmark Corporation announces third quarter conference call on the internet Feb 11, 2016 American Woodmark Corporation (NASDAQ: AMWD) will provide an online, real-time webcast of its conference call to discuss third quarter results on Thursday, February 25, 2016. Read article
  • American Woodmark Corporation announces retirement of Mr. William Brandt from the Board of Directors
    American Woodmark Corporation announces retirement of Mr. William Brandt from the Board of Directors May 17, 2016 American Woodmark Corporation (NASDAQ: AMWD) announced today that Mr. William Brandt has declined to seek re-election to the Company's Board of Directors at the next annual shareholders meeting. Read article
  • American Woodmark Corporation announces conditional partial redemption of $115 million in principal amount of 6 1/2% senior secured second lien notes due 2023 of RSI Home Products, Inc.
    American Woodmark Corporation announces conditional partial redemption of $115 million in principal amount of 6 1/2% senior secured second lien notes due 2023 of RSI Home Products, Inc. Jan 25, 2018 American Woodmark Corporation (NASDAQ: AMWD) ("American Woodmark") today announced that its wholly-owned subsidiary, RSI Home Products, Inc. ("RSI"), has elected to conditionally redeem 20%, or $115 million in principal amount, of the $575 million outstanding principal amount of its 6½% Senior Secured Second Lien Notes due 2023 Read article
  • American Woodmark Corporation announces commencement of Tender Offer and Consent Solicitation by its subsidiary, RSI Home Products, Inc., for up to $460 million in aggregate principal amount of RSI's 6½% senior secured second lien notes due 2023
    American Woodmark Corporation announces commencement of Tender Offer and Consent Solicitation by its subsidiary, RSI Home Products, Inc., for up to $460 million in aggregate principal amount of RSI's 6½% senior secured second lien notes due 2023 Jan 29, 2018 American Woodmark Corporation Announces Commencement Of Tender Offer And Consent Solicitation By Its Subsidiary, RSI Home Products, Inc., For Up To $460 Million In Aggregate Principal Amount Of RSI's 6½% Senior Secured Second Lien Notes Due 2023 Read article
  • American Woodmark Corporation announces $50 million stock repurchase program and corporate headquarters change in Winchester, Virginia
    American Woodmark Corporation announces $50 million stock repurchase program and corporate headquarters change in Winchester, Virginia Dec 01, 2016 American Woodmark Corporation (NASDAQ: AMWD) today announced that on November 30, 2016 the Board of Directors authorized an additional stock repurchase program of up to $50 million of the Company's outstanding common shares. Read article