CHARLOTTE, N.C., Jan. 20,
2025 /PRNewswire/ -- JELD-WEN Holding, Inc. (NYSE:
JELD) ("JELD-WEN" or the "Company"), a leading global manufacturer
of building products, today announced that, in compliance with the
court-ordered divestiture of its Towanda,
Pennsylvania business, JELD-WEN has completed its previously
announced sale of Towanda to
Woodgrain Inc. on January 17, 2025
for a purchase price of $115 million,
subject to customary closing adjustments.
About JELD-WEN, Inc.
JELD-WEN Holding, Inc. (NYSE:
JELD) is a leading global designer, manufacturer and distributor of
high-performance interior and exterior doors, windows, and related
building products serving the new construction and repair and
remodeling sectors. Based in Charlotte,
North Carolina, the company operates facilities in 15
countries in North America and
Europe and employs approximately
18,000 associates dedicated to bringing beauty and security to the
spaces that touch our lives. The JELD-WEN family of brands includes
JELD-WEN® worldwide, LaCantina® and VPI™ in North America, and Swedoor® and DANA® in
Europe. For more information,
visit corporate.JELD-WEN.com or follow LinkedIn.
Forward Looking Statements
This press release includes
forward-looking statements within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are generally identified by our use of forward-looking
terminology, including the terms "anticipate," "believe,"
"continue," "could," "estimate," "expect," "intend," "may,"
"might," "plan," "potential," "predict," "seek," or "should," and,
in each case, their negative or other various or comparable
terminology. These forward-looking statements are based upon the
company's current plans, assumptions, beliefs, and expectations.
Forward-looking statements are subject to the occurrence of many
events outside of the company's control. The Company's actual
results could differ materially from the results contemplated by
these forward-looking statements due to a number of factors,
including, but not limited to: the outcome of any objection to the
court-ordered divestiture and any related appeals; third-party
costs incurred by the Company related to the transaction; the
impact of our strategic transformation journey, footprint
rationalization, cost reduction and modernization initiatives; the
impact of acquisitions and divestitures on our business and our
ability to maximize value and integrate operations; our pipeline of
productivity projects; our expectations, beliefs, plans,
objectives, prospects, assumptions, or other future events; risks
and uncertainties related to the Company's current financial
expectations and projections; and other factors discussed in the
Company's Annual Report on Form 10-K for the year ended
December 31, 2023 and other filings
with the U.S. Securities and Exchange Commission.
Media Contact:
JELD-WEN Holding, Inc.
Melissa Farrington
Vice President, Enterprise Communications
262-350-6021
Mfarrington@jeldwen.com
Investor Relations Contact:
James Armstrong
Vice President, Investor Relations
704-378-5731
jarmstrong@jeldwen.com
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SOURCE JELD-WEN Holding, Inc.
