Jeld-Wen Acquires Milliken MillworkAugust 28th, 2017 by Editor
Jeld-Wen Holding Inc., has acquired Milliken Millwork Inc. (MMI Door), a leading provider of doors and related value-added services in the Midwest region of the United States. Terms of the acquisition were not disclosed.
MMI Door is Jeld-Wen’s eighth acquisition in the last two years, and the third in North America during that period.
Founded in 1953, MMI Door excels in supporting distributors, dealers, and home centers with a broad product range of interior, exterior, and patio doors and strong capabilities in complete door systems and customized products.
“MMI Door is an innovator and leader in providing comprehensive door systems and value-added services,” said Mark Beck, Jeld-Wen’s president and chief executive officer.” The acquisition of MMI Door aligns perfectly with our strategy and supports our commitment to being the best door solutions provider in the market. MMI Door’s capabilities in customizable configurations, specialized component offerings, and multiple finishing options complement our North America door business and allow us to improve service offerings and lead times to our channel partners. We welcome the entire MMI Door team to the JELD-WEN family.”
Jeld-Wen had been a supplier of door products to MMI Door for many years. MMI Door was privately held by third-generation family members of the founder.
Based on MMI Door’s results for the 12 months ended July 31, 2017, the acquisition adds incremental net revenues to Jeld-Wen of approximately $90 million.