JELD-WEN Holding, Inc. Announces Completion of American Building Supply, Inc. Acquisition
CHARLOTTE, N.C.--(BUSINESS WIRE)--
JELD-WEN Holding, Inc. (NYSE:JELD) has completed its previously
announced acquisition of American Building Supply, Inc. (“ABS”), a
provider of doors, millwork, and related value-added services. ABS
excels in supporting distributors, dealers, and home centers with a
broad product range of doors, frames, and hardware for both the
residential and commercial markets. Through its Doormerica division, ABS
manufactures a broad selection of decorative, specialty, and
architectural doors, including the Millennium Door series. ABS has
developed a reputation as a premier supplier of value-added services for
the millwork industry, through a relentless focus on quality and service.
As a result of the acquisition, JELD-WEN expects to add approximately
$275 million in incremental annualized revenue. Terms of the acquisition
were not disclosed.
About JELD-WEN
JELD-WEN founded in 1960, is one of the world’s largest door and window
manufacturers, operating over 120 manufacturing facilities in 19
countries located primarily in North America, Europe and Australia.
Headquartered in Charlotte, North Carolina, JELD-WEN designs, produces
and distributes an extensive range of interior and exterior doors, wood,
vinyl and aluminum windows and related products for use in the new
construction and repair and remodeling of residential homes and
non-residential buildings. JELD-WEN is a recognized leader in
manufacturing energy-efficient products and has been an ENERGY STAR®
Partner since 1998. Our products are marketed globally under the JELD-WEN®
brand, along with several market-leading regional brands such as Swedoor®
and DANA® in Europe and Corinthian®, Stegbar®,
and Trend® in Australia. For more information visit www.jeld-wen.com.
Forward-Looking Statements
Certain of the statements in this press release constitute
“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 words such as “anticipate”,
“believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”,
“might”, “plan”, “potential”, “predict”, “seek”, or “should”, or the
negative thereof or other variations thereon or comparable terminology.
Forward-looking statements regarding market potential, future financial
performance, and our expectations, beliefs, plans, assumptions, or other
future events are made based on management’s current expectations,
assumptions, estimates, projections, and beliefs concerning future
developments and their potential effects upon JELD-WEN and its
subsidiaries. Although we believe that these statements are based on
reasonable expectations and estimates, they are not a guarantee of
future performance and involve known and unknown risks and
uncertainties, many of which are beyond our control, that could cause
actual outcomes and results to differ, possibly materially, from those
indicated in such statements, including those discussed in our Annual
Reports on Form 10-K and Quarterly Report on Form 10-Q, filed with the
U.S. Securities and Exchange Commission. You should not place undue
reliance on forward-looking statements included in this release, which
speak only as of the date they are made. We do not undertake to update
or revise any forward-looking statement, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180402005313/en/
For JELD-WEN Holding, Inc.
Investor Relations:
John Linker,
+1-704-378-7007
investors@jeldwen.com
or
Media
Relations:
Gary Rubin, +1-503-488-4443
JELD-WEN@cmdagency.com
Source: JELD-WEN Holding, Inc.