Exhibit 99.1


				NEWS RELEASE FOR IMMEDIATE RELEASE
				NEWS RELEASE FOR IMMEDIATE RELEASE

		Contact:		Leigh E. Ginter
				Chief Financial Officer
				leigh.ginter@norcraftcompanies.com
				(651) 234-3315

NORCRAFT HOLDINGS, L.P. AND NORCRAFT COMPANIES, L.P. REPORT FOURTH

QUARTER 2004 RESULTS

March 25, 2005 – Eagan, Minnesota — Norcraft Holdings, L.P. and Norcraft Companies, L.P. today reported financial results for the fourth quarter ended December 31, 2004. The financial results for Norcraft Holdings include the accounts of its wholly-owned subsidiary, Norcraft Companies. Other than Norcraft Holdings’ obligations under its $118.0 million 9³/4% senior discount notes, including related deferred issuance costs and associated accrued liabilities and related interest expense, net of taxes, all other assets, liabilities, income, expenses, and cash flows presented for all periods represent those of Norcraft Companies.

FINANCIAL RESULTS

Fourth Quarter of Fiscal 2004 Compared with Fourth Quarter of Fiscal 2003

Net sales increased $17.8 million, or 26.7%, from $66.6 million for the fourth quarter of 2003 compared to $84.4 for the same quarter of 2004. Income from operations increased by $2.5 million, or 40.1%, from $6.2 million for the fourth quarter of 2003 compared to $8.7 million for the same quarter of 2004. Net income for Norcraft Holdings increased $0.2 million, or 14.6%, from $1.8 million for the fourth quarter of 2003 to $2.0 million in the same quarter of 2004. Net income for Norcraft Companies increased $2.3 million, or 130.1%, from $1.8 million for the fourth quarter of 2003 to $4.1 million for the same quarter of 2004.

EBITDA (as defined in the table below) was $8.9 million for the fourth quarter of 2003 compared to $11.9 million for the same quarter of 2004. EBITDA for the fourth quarter of 2003 included acquisition-related charges of $3.1 million. When adjusted for the acquisition related charges of $3.1 million, adjusted EBITDA for the fourth quarter of 2003 was $12.0 million.

Fiscal 2004 Compared with Fiscal 2003

Net sales increased $73.6 million, or 28.7%, from $256.7 million for fiscal 2003 to $330.3 million for fiscal 2004. Income from operations increased by $12.2 million, or 37.6%, from $32.4 million for fiscal 2003 to $44.6 million for fiscal 2004. Net income for Norcraft Holdings decreased by $2.8 million, or 10.6%, from $25.9 million for fiscal 2003 to $23.1 million for fiscal 2004. Net income for Norcraft Companies increased by $0.3 million, or 1.2%, from $25.9 million for fiscal 2003 to $26.2 million for fiscal 2004.

EBITDA was $39.3 million for fiscal 2003 compared to $56.5 million for fiscal 2004. EBITDA for fiscal 2003 included acquisition-related charges of $7.3 million. When adjusted for the acquisition related charges of $7.3 million, adjusted EBITDA for fiscal 2003 was $46.6 million.

“We continue to be pleased with the Company’s strong sales growth, yet we also continue to experience challenges to our margins” commented President and CEO, Mark Buller. “Raw material costs and production efficiencies continued to impact gross margin in the fourth quarter. We persist in our efforts to respond to both of these factors.”

CONFERENCE CALL

Norcraft has scheduled a conference call on Wednesday, March 30, 2005 at 10:30 a.m. Eastern Time. To participate, dial 800-473-8794 and use the pass code 39973281. A telephonic replay will be available by calling 800-252-6030 and using pass code 39973281.

GENERAL

Norcraft Companies is a leader in manufacturing, assembling and finishing kitchen and bathroom cabinetry in the United States. We provide our customers with a single source for a broad range of high-quality cabinetry, including stock, semi-custom and custom cabinets. Our cabinets are manufactured in both framed and full access construction. We market our products through four brands: Mid Continent Cabinetry, UltraCraft, StarMark and Fieldstone.

On October 21, 2003, 100% of the outstanding membership units of Norcraft Companies, L.L.C. were acquired by Norcraft Holdings, L.P., a new entity formed at the direction of funds associated with Saunders Karp & Megrue L.L.C. and Trimaran Fund Management, L.L.C. and by our new chief executive officer, Mark Buller, and his relatives. The members of our continuing management team elected to exchange a majority of their membership units for limited partnership units of Norcraft Holdings, L.P. in lieu of cash. Norcraft Companies, L.L.C. converted to a Delaware limited partnership immediately following the acquisition and is now Norcraft Companies, L.P. This acquisition is referred to herein as the “Acquisition”.

The consolidated financial statements as of December 31, 2004 and 2003 and for the fiscal year ended December 31, 2004 (successor) and for the Period from January 1, 2003 through October 20, 2003 (predecessor) and the Period from October 21, 2003 through December 31, 2003 (successor) include all normal recurring adjustments which management considers necessary for fair presentation. The Company was purchased on October 21, 2003. The predecessor financial statements have been presented at their historical cost basis. The successor financial statements have been prepared giving effect to the purchase transaction, including capitalization of the company in accordance with EITF 88-16, Basis in Leverage Buyout Transactions, as a partial purchase. The results of operations for the interim periods are not necessarily indicative of the results that may be expected for the entire fiscal year.

-Tables Follow-

Consolidated Balance Sheets

(dollar amounts in thousands)


	Norcraft Holdings, L.P. (Successor)				Norcraft Companies, L.P. (Successor)
	December 31, 2004		December 31, 2003		December 31, 2004		December 31, 2003
ASSETS
Current assets:
Cash and cash equivalents	$	823	$	2,583	$	823	$	2,583
Trade accounts receivable, net		33,056		24,063		33,056		24,063
Inventories		21,886		16,948		21,886		16,948
Prepaid expenses		1,497		2,000		1,497		2,000

Total current assets		57,262		45,594		57,262		45,594

Property, plant and equipment, net		34,959		32,168		34,959		32,168

Other assets:
Goodwill		148,459		148,459		148,459		148,459
Customer relationships, net		61,664		66,131		61,664		66,131
Brand names		49,000		49,000		49,000		49,000
Deferred financing costs, net		12,523		11,509		9,116		11,509
Display cabinets, net		6,034		3,861		6,034		3,861
Deposits		91		120		91		120

Total other assets		277,771		279,080		274,364		279,080

Total assets	$	369,992	$	356,842	$	366,585	$	356,842

LIABILITIES AND MEMBERS’ EQUITY
Current liabilities:
Current portion of long-term debt	$	—	$	5,000	$	—	$	5,000
Accounts payable		7,299		6,704		7,299		6,704
Accrued expenses		19,888		23,375		19,888		23,375

Total current liabilities		27,187		35,079		27,187		35,079

Long-term debt		263,752		190,000		180,500		190,000

Total liabilities		290,939		225,079		207,687		225,079

Commitments and contingencies

Members’ equity		79,053		131,763		158,898		131,763

Total liabilities and members’ equity	$	369,992	$	356,842	$	366,585	$	356,842

Consolidated Statements of Income

(dollar amounts in thousands)


	Norcraft Holdings, L.P.
	Three Months Ended December 31,				Year Ended December 31,
	2004 (a)		2003 (b)		2004 (a)			2003 (b)
Net sales	$	84,406	$	66,627	$	330,275		$	256,676

Cost of sales		60,738		45,089		227,433			172,259

Gross profit		23,668		21,538		102,842			84,417

Selling, general and administrative expenses		14,982		15,340		58,244			47,889
Other		—		—		—			4,127

Income from operations		8,686		6,198		44,598			32,401

Other expense (income):
Interest expense		5,792		3,320		18,815			4,639
Amortization of deferred financing costs		814		409		2,714			658
Other, net		32		682		(58	)		1,248

		6,638		4,411		21,471			6,545

Net income	$	2,048	$	1,787	$	23,127		$	25,856

(a)	Successor company.

(b)	Predecessor and successor companies combined, for reference purposes only.

Consolidated Statements of Income

(dollar amounts in thousands)


	Norcraft Companies, L.P.
	Three Months Ended December 31,				Year Ended December 31,
	2004 (a)		2003 (b)		2004 (a)			2003 (b)
Net sales	$	84,406	$	66,627	$	330,275		$	256,676

Cost of sales		60,738		45,089		227,433			172,259

Gross profit		23,668		21,538		102,842			84,417

Selling, general and administrative expenses		14,982		15,340		58,244			47,889
Other		—		—		—			4,127

Income from operations		8,686		6,198		44,598			32,401

Other expense (income):
Interest expense		3,827		3,320		15,897			4,639
Amortization of deferred financing costs		715		409		2,589			658
Other, net		32		682		(58	)		1,248

		4,574		4,411		18,428			6,545

Net income	$	4,112	$	1,787	$	26,170		$	25,856

(a)	Successor company.

(b)	Predecessor and successor companies combined, for reference purposes only.

Consolidated Statements of Cash Flows

(dollar amounts in thousands)


	Norcraft Holdings, L.P.
	Successor						Predecessor
	Year Ended December 31, 2004			For the Period October 21, 2003 through December 31, 2003			For the Period January 1, 2003 through October 20, 2003
Cash flows from operating activities:
Net income	$	23,127		$	2,050		$	23,806
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property, plant and equipment		4,278			637			2,696
Amortization:
Customer relationships		4,467			869			—
Deferred financing costs		2,714			391			267
Display cabinets		3,179			563			2,101
Provision for uncollectible accounts receivable		2,206			202			2,040
Provision for obsolete and excess inventory		(40	)		(46	)		517
Provision for warranty claims		2,329			384			1,687
Accreted interest borrowings on senior notes		2,918			—			—
Stock compensation expense		386			—			—
Loss on impairment of Yucca facility		—			—			4,127
(Gain) loss on disposal of assets		(7	)		1			108
Change in operating assets and liabilities:
Accounts receivable		(11,193	)		3,616			(11,430	)
Inventories		(4,938	)		1,352			(3,467	)
Prepaid expenses		504			(37	)		480
Other assets		29			(28	)		4
Accounts payable and accrued liabilities		(2,788	)		154			2,798

Net cash provided by operating activities		27,171			10,108			25,734

Cash flows from investing activities:
Acquisition of Norcraft Companies LLC, net of cash acquired of $1,327		—			(316,334	)		—
Acquisition of Starmark, Inc., net of cash acquired of $106		—			—			—
Proceeds from sale of property and equipment		77			2			212
Purchase of property, plant and equipment		(7,036	)		(1,690	)		(1,428	)
Purchase of Yucca capital lease		—			—			(5,000	)
Purchase of display cabinets		(5,352	)		(432	)		(2,300	)

Net cash used in investing activities		(12,311	)		(318,454	)		(8,516	)

Cash flows from financing activities:
Borrowings on senior subordinated notes payable resulting from Norcraft acquisition		—			150,000			—
Borrowings on bank term loan resulting from Norcraft acquisition		—			45,000			—
Borrowings on bank revolving loan resulting from Norcraft acquisition		—			5,000			—
Issuance of successor company members’ equity		—			129,561
Borrowings on senior discount notes payable		80,334			—			—
Distribution to members		(77,181	)		—			—
Payment of financing costs		(3,728	)		(11,900	)		—
Book overdrafts payable		—			(1,884	)		489
Payments on Bank Revolving Loan		(8,500	)		(5,000	)		(48,990	)
Borrowings on Bank Revolving Loan		8,500			—			49,712
Payments on term loan		(14,500	)		—			(9,421	)
Payments on capital lease		—			—			(7	)
Proceeds from issuance of member interests		553			97			—
Repurchase of members interests		(535	)		—			—
Tax distributions to members		(1,651	)		—			(8,973	)


Net cash (used in) provided by financing activities		(16,708	)		310,874			(17,190	)
Effect of exchange rates on cash		88			55			—

Net (decrease) increase in cash		(1,760	)		2,583			28
Cash, beginning of the period		2,583			—			59

Cash, end of period	$	823		$	2,583		$	87

Consolidated Statements of Cash Flows

(dollar amounts in thousands)


	Norcraft Companies, L.P.
	Successor						Predecessor
	Year Ended December 31, 2004			For the Period October 21, 2003 through December 31, 2003			For the Period January 1, 2003 through October 20, 2003
Cash flows from operating activities:
Net income	$	26,170		$	2,050		$	23,806
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property, plant and equipment		4,278			637			2,696
Amortization:
Customer relationships		4,467			869			—
Deferred financing costs		2,589			391			267
Display cabinets		3,179			563			2,101
Provision for uncollectible accounts receivable		2,206			202			2,040
Provision for obsolete and excess inventory		(40	)		(46	)		517
Provision for warranty claims		2,329			384			1,687
Stock compensation expense		386			—			—
Loss on impairment of Yucca facility		—			—			4,127
(Gain) loss on disposal of assets		(7	)		1			108
Change in operating assets and liabilities:
Accounts receivable		(11,193	)		3,616			(11,430	)
Inventories		(4,938	)		1,352			(3,467	)
Prepaid expenses		504			(37	)		480
Other assets		29			(28	)		4
Accounts payable and accrued liabilities		(2,788	)		154			2,798

Net cash provided by operating activities		27,171			10,108			25,734

Cash flows from investing activities:
Acquisition of Norcraft Companies LLC, net of cash acquired of $1,327		—			(316,334	)		—
Acquisition of Starmark, Inc., net of cash acquired of $106		—			—			—
Proceeds from sale of property and equipment		77			2			212
Purchase of property, plant and equipment		(7,036	)		(1,690	)		(1,428	)
Purchase of Yucca capital lease		—			—			(5,000	)
Purchase of display cabinets		(5,352	)		(432	)		(2,300	)

Net cash used in investing activities		(12,311	)		(318,454	)		(8,516	)

Cash flows from financing activities:
Borrowings on senior subordinated notes payable resulting from Norcraft acquisition		—			150,000			—
Borrowings on bank term loan resulting from Norcraft acquisition		—			45,000			—
Borrowings on bank revolving loan resulting from Norcraft acquisition		—			5,000			—
Issuance of successor company members’ equity		—			129,561
Borrowings on senior discount notes payable		—			—			—
Distribution to Holdings		(379	)		—			—
Payment of financing costs		(196	)		(11,900	)		—
Book overdrafts payable		—			(1,884	)		489
Payments on Bank Revolving Loan		(8,500	)		(5,000	)		(48,990	)
Borrowings on Bank Revolving Loan		8,500			—			49,712
Payments on term loan		(14,500	)		—			(9,421	)
Payments on capital lease		—			—			(7	)
Proceeds from issuance of member interests		553			97			—
Repurchase of members interests		(535	)		—			—
Tax distributions to members		(1,651	)		—			(8,973	)

Net cash (used in) provided by financing activities		(16,708	)		310,874			(17,190	)

Effect of exchange rates on cash		88			55			—

Net (decrease) increase in cash		(1,760	)		2,583			28
Cash, beginning of the period		2,583			—			59

Cash, end of period	$	823		$	2,583		$	87

Reconciliation of Net Income to EBITDA

(In thousands)


	Norcraft Holdings, L.P.
	Three Months Ended December 31,				Year Ended December 31,
	2004(1)		2003(2)		2004(1)			2003(2)
Net income	$	2,048	$	1,787	$	23,127		$	25,856	(3)
Interest expense, net		5,792		3,320		18,815			4,639
Depreciation		1,149		1,099		4,278			3,333
Amortization of deferred financing costs		814		409		2,714			658
Amortization of customer relationships		1,117		869		4,467			869
Display cabinet amortization		940		714		3,179			2,665
State taxes		32		682		(58	)		1,248

EBITDA	$	11,892	$	8,880	$	56,522		$	39,268


	Norcraft Companies, L.P.
	Three Months Ended December 31,				Year Ended December 31,
	2004(1)		2003(2)		2004(1)			2003(2)
Net income	$	4,112	$	1,787	$	26,170		$	25,856	(3)
Interest expense, net		3,827		3,320		15,897			4,639
Depreciation		1,149		1,099		4,278			3,333
Amortization of deferred financing costs		715		409		2,589			658
Amortization of customer relationships		1,117		869		4,467			869
Display cabinet amortization		940		714		3,179			2,665
State taxes		32		682		(58	)		1,248

EBITDA	$	11,892	$	8,880	$	56,522		$	39,268

1)	Successor company.

2)	Predecessor and successor companies combined, for reference purposes only.

3)	Net income during the year ended December 31, 2003 included the following one-time charges which were associated with the Acquisition:

A loss of $57 associated with the operations of our Kitchen and Bath Ideas retail store located in Virginia Beach, Virginia which was sold in May 2003.

$400 of one-time professional fees associated with the Acquisition was incurred in the fourth quarter of 2003.

In August 2003, we distributed $6.0 million to our pre-Acquisition equity holders who subsequently purchased the property underlying the capital lease of the Yucca distribution center for $5.7 million. Subsequent to September 30, 2003, we terminated the capital lease and entered into a new short-term lease for this distribution center. Because the $5.7 million purchase price for the Yucca distribution center exceeded the estimated fair value for the property, for financial statement presentation purposes, we recognized a non-cash net loss of $4.1 million in August 2003, representing a lease termination expense and the effect of removing from its financial statements the asset and obligation under the capital lease. On January 31, 2004 we terminated the short-term lease for this facility, and moved our distribution center operations to a new facility in Phoenix, AZ.

A one-time management bonus payable of $2,050 to certain members of the existing management as a result of the Acquisition on October 21, 2003 was incurred in the fourth quarter of 2003.

A $685 step-up of finished goods and work in process inventory as a result of purchase accounting was incurred in the fourth quarter of 2003.

Norcraft Holdings, L.P. 8-K