Welcome to our dedicated page for Jeld Wen Holding news (Ticker: JELD), a resource for investors and traders seeking the latest updates and insights on Jeld Wen Holding stock.
JELD-WEN Holding Inc. (NYSE: JELD) delivers essential updates through this dedicated news hub for investors and industry professionals. Track official announcements including quarterly earnings, product innovations, and strategic initiatives from the global leader in door/window manufacturing.
This resource consolidates press releases, regulatory filings, and market analyses related to JELD-WEN's operations across residential/commercial construction sectors. Users gain efficient access to critical developments about manufacturing expansions, sustainability initiatives, and leadership changes.
Key content includes financial performance updates, partnership announcements, and operational milestones. Stay informed about the company's progress in energy-efficient building solutions and global market expansion strategies.
Bookmark this page for real-time updates on JELD-WEN's product launches, industry certifications, and responses to construction market trends. Verify all investment hypotheses with primary-source information from the company itself.
On April 17, 2023, Platinum Equity announced its acquisition of JELD-WEN's Australasia windows and doors business for approximately $461 million. The deal is expected to be finalized in the third quarter of 2023, pending regulatory approvals. With around 5,000 employees and 41 manufacturing locations across Australia, Malaysia, and Indonesia, JELD-WEN Australasia boasts well-known brands like Corinthian® and Stegbar®. Platinum Equity emphasizes its capability in managing corporate carve-outs, aiming to maximize the potential of JELD-WEN's Australasia operations. The investment is positioned to enhance market dynamics and customer solutions in a competitive housing market.
On April 17, 2023, JELD-WEN Holding (NYSE: JELD) announced the completion of its strategic review for its Australasia business, agreeing to sell it to Platinum Equity for approximately AU$688 million (around US$461 million) before tax. This sale represents about 11% of JELD-WEN's global revenue and includes 41 manufacturing locations across Australia, Malaysia, and Indonesia, employing roughly 5,000 people. The transaction, expected to close in the third quarter of 2023, aims to streamline operations and reduce debt. JELD-WEN will report the Australasia business as discontinued in its second fiscal quarter following closure.
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