CHARLOTTE, N.C.--(BUSINESS WIRE)--
JELD-WEN Holding, Inc. (NYSE:JELD) has completed its previously
announced acquisition of VPI Quality Windows, Inc. (“VPI”), a
market-leading vinyl window manufacturer for mid-rise multi-family,
institutional, hospitality and commercial projects, primarily in the
western United States. VPI has earned a reputation as a preferred
supplier of windows for the multi-family market with its customized
solutions and relentless focus on quality, service and superior product
performance.
JELD-WEN expects VPI to add approximately $60 million in annualized
revenue. Transaction terms were not disclosed.
About JELD-WEN
JELD-WEN, founded in 1960, is one of the world’s largest door and window
manufacturers, operating manufacturing facilities in 20 countries
located primarily in North America, Europe and Australia. Headquartered
in Charlotte, N.C., 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.
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
Report on Form 10-K and Quarterly Reports 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/20190401005222/en/
Investor Relations: Christopher Teachout, +1.704.378.7007 or investors@jeldwen.com
Media
Relations: Chris Benware, JELD-WEN@cmdagency.com
Source: JELD-WEN Holding, Inc.