Posts Tagged ‘ Jeld-Wen ’

JELD-WEN Celebrates Opening of VPI Windows Plant

Jan 13th, 2022

JELD-WEN celebrated the grand opening of its new VPI Quality Windows manufacturing plant this week by announcing it is adding a second shift ahead of schedule, creating approximately 20 new jobs. JELD-WEN announced in May 2021 that it would invest $8 million in Statesville to establish the new production facility, with an annual payroll impact […]

Jeld-Wen Battles Insurer for Settlement Payment

Jan 6th, 2022

Six months after settling a class action lawsuit, the fight isn’t over for Jeld-Wen, as the company battles with Travelers Casualty and Surety Co. of America in an effort to make the insurance provider pay the last portion of a $40 million settlement. The insurance company argues that Jeld-Wen’s settlement is for a claim that […]

Supply Chain and Pricing Shifts Take Top Spots in [DWM]’s Most Read Stories of the Year

Dec 28th, 2021

It’s no surprise that when [DWM] editors looked at web stats to gather its top five stories of the year that supply chain issues—lumber specifically—were among the most read. Perhaps surprising, however, was that a [DWM] blog was the number one story. Then again, when you look at the topic (pricing) the surprise wanes a […]

Counsel in Class Action Lawsuit Against Jeld-Wen Seek Payment

Oct 26th, 2021

After securing a $40 million settlement to end the legal proceedings in a class-action, anti-trust suit against Jeld-Wen, the lawyers are seeking their share of payment. They’re asking for 25% of the settlement plus litigation expenses and interest. Six firms – Robbins Geller Rudman and Dowd, Labaton Sucharow, Cohen Milstein Sellers and Toll, O’Donoghue and […]

Jeld-Wen Brings on Farsad Fotouhi as VP of Sustainability and Social Governance

Oct 15th, 2021

Jeld-Wen announced that Farsad Fotouhi will join the company as vice president of Sustainability and Social Governance, effective October 18. He will be responsible for environmental, social and governance function (ESG) global. Fotouhi has more than 25 years of leadership experience in global health, safety, environment, and sustainability for multinational companies and government agencies. He […]

Jeld-Wen Wins Customer Service Award

Oct 7th, 2021

Earlier this week, NAVEX Global®, an integrated risk and compliance management software, announced the winners of its first annual NAVEX Global Customer Excellence Awards and Jeld-Wen was named the North American winner of Excellence in Corporate Culture Impact category. One of three award categories, the Corporate Culture Impact honor recognizes NAVEX Global customers that have […]

Second Quarter Financials Prove Market Still Has Momentum

Aug 3rd, 2021

Three door and window related companies released their second quarter financial results in recent days, all proving that the market continues to have upward momentum with no signs of a slowdown. Door and window manufacturers Jeld-Wen and Fortune Brands both increased their 2021 outlooks, while distributor Huttig Building Products reported its second consecutive quarter of […]

Jeld-Wen Edges Toward Another Class Settlement

Jun 17th, 2021

A class of investors filed for preliminary approval after reaching a $40 million deal to settle a case with door and window manufacturer Jeld-Wen Inc. The case was originally filed in March 2020 on behalf of investors who purchased the company’s stock between January 26, 2017, and October 15, 2018, alleging their investments were devalued […]

Amid a Renewed Focus on Climate, Companies Say the Earth is Worth More Than a Day’s Celebration

Apr 22nd, 2021

More than 50 years ago today, 20 million Americans took to the streets, across college campuses and hundreds of cities, “to protest environmental ignorance and demand a new way forward,” say officials for earthday.org. The activities of that day helped to spur the passage of new environmental laws in the U.S., they say, including the […]

Jeld-Wen Reports Increases in Fourth Quarter and a Strong 2021 Outlook

Feb 18th, 2021

The news was good for Jeld-Wen in the fourth quarter, and the full year for 2020, according to the company’s latest financial results announced this week. Net revenue increased by 7.7% to $1,151.3 million for the fourth quarter, driven primarily by a 5% increase in core revenue. And although net revenue decreased 1.3% for the full […]

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