Posts Tagged ‘ Jeld-Wen ’

Jeld-Wen to Close Cheyenne Plant

Oct 21st, 2011

Jeld-Wen announced that it is consolidating its Cheyenne, Wyo., window plant with other manufacturing operations. The company’s approximately 112 employees have been given two months’ notice of the closure. “2011 has been another challenging year for the window and door industry because of the extreme downturn in new construction,” according to a Jeld-Wen statement. “The [...]

JELD-WEN Exits Garage Door Business

Oct 17th, 2011

JELD-WEN has confirmed to DWM magazine that it will exit the garage door business, but points out that garage doors account for about one-tenth of one percent of the company’s total sales. “After a thorough analysis we decided to focus our attention on our primary door and window products, including a number of new products [...]

Onex Completes Investment in JELD-WEN

Oct 3rd, 2011

The Onex Group and several partners have completed an $871 million investment in JELD-WEN Holding Inc., according to an announcement from the private equity firm. Onex now holds majority interest in the window manufacturing firm. The announcement comes after weeks of speculation about JELD-WEN’s fate and reports that the previously announced investment may not reach completion. [...]

Jeld-Wen Says Onex Deal Still on Track

Sep 8th, 2011

Jeld-Wen has been the subject of a fury of media reports this week as an Oregon newspaper suggested that the company may be forced to file for bankruptcy. The reason: the newspaper reported that the company was unable to sell $575 million in junk bonds which is necessary in order for its deal with Onex [...]

Onex Ups its Investment in Jeld-Wen

Aug 2nd, 2011

  Onex Corp. announced today that it has amended its previously announced agreement to invest in JELD-WEN Holding Inc. The company will now invest $864 million compared to the previously announced $675 million. The company also announced that upon final closing of Onex’s investment in JELD-WEN, Philip Orsino, Onex’s building products industrial partner, will be [...]

Onex to Invest $675 Million in JELD-WEN

May 5th, 2011

Onex Corp., based in Toronto, announced yesterday that it has agreed to invest $675 million and acquire a significant minority interest in JELD-WEN Holding Inc. JELD-WEN will continue to be majority-owned by the Trust of Richard Wendt, members of the Wendt family, JELD-WEN employees and other existing shareholders. “We believe that JELD-WEN’s competitive position and [...]

JELD-WEN to Pay $700,000 to EPA to Resolve EPA Claim at Lumber Site

Apr 19th, 2011

JELD-WEN Inc., located in Klamath Falls, Ore., will pay the U.S. Environmental Protection Agency (EPA) $700,000 for costs incurred by the EPA during a contaminated site cleanup conducted at the Circle DE Lumber site in Klamath Falls. The U.S. District Court for the District of Oregon approved the settlement agreement between JELD-WEN Inc. and the [...]

Senator Brown Tours Jeld-Wen Plant

Jan 11th, 2011

U.S. Sen. Sherrod Brown ( D-Ohio ) toured the JELD-WEN Inc. window factory in Mount Vernon, Ohio, and met with workers in early-January. “The hard-working men and women here are a reminder that manufacturing remains a critical part of Ohio’s economy. This factory is also a reminder that our clean energy economy isn’t just about [...]

Northview Hotel Group Acquires Three Jeld-Wen Resort Communities in Oregon

Nov 23rd, 2010

JELD-WEN Inc. announced the sale of three resorts in Central and Southern Oregon to a new partnership comprising Northview Hotel Group (“Northview”) and a subsidiary of funds managed by Oaktree Capital Management LP. The sale includes Brasada Ranch in Powell Butte, Eagle Crest Resort near Redmond (Bend), and Running Y Ranch in Klamath Falls. The [...]

Jeld-Wen to Close Hartselle, Ala., Plant

Oct 22nd, 2010

Jeld-Wen will close its Hartselle, Ala., plant in two months, according to a statement provided to DWM magazine. The company cites the downturn in new construction and weak remodeling market for the closure, which will affect 51 employees. The company says it made the decision to close after “extensive evaluation and discussion.” “We have discussed [...]