The board of directors of Jeld-Wen Holding Inc., a manufacturer of building products, has elected Gary S. Michel to chairman of the board, effective immediately. Michel serves as president, CEO and current director of Jeld-Wen. He has served as a board member since 2018 and replaces Matthew Ross, who is stepping down. “I am honored […]

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 […]

After the U.S. Court of Appeals for the Fourth Circuit denied a request by Jeld-Wen Inc. for a rehearing of an anti-trust ruling, U.S. District Judge John A. Gibney Jr. issued an order last week certifying a class of investors to proceed in a suit against the company. Investors in the company’s publicly traded stock […]

This article was updated on November 4, 2020. A court denied Jeld-Wen’s motions last week to dismiss complaints filed against the company alleging that it misled investors by failing to disclose anticompetitive conduct violating federal antitrust law. In an opinion dated October 26, U.S. District Judge John A. Gibney Jr. upheld the case by declaring […]

Private equity firm Onex Corp., a major stakeholder in Jeld-Wen, is looking for an out once the company achieves its initial public offering (IPO), according to the Financial Post. This is a reversal from what Onex planned to do initially, according to the IPO filing, which was to stay with the company after it became […]

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. […]