Jeld-Wen Buys Calif. Door Company
Terms of the deal were not disclosed.
“With the booming popularity of folding and multislide door systems, the acquisition gives us additional resources, capacity and a leading brand in this growing segment of the market,” said Colin Shaffner, JELD-WEN senior vice president of windows in a statement Tuesday. “It’s a great fit with our mission to continue to push design innovation and offer best-in-class products to our customers not only in North America, but worldwide.”
The Charlotte Observer notes that the LaCantina acquisition marks Jeld-Wen’s fourth this year. Most recently, the company bought Karona, a Michigan-based door maker and weeks before that had purchased Australian Company Aneeta and Dooria, from Norway.
In August, the Wall Street Journal reported that Jeld-Wen could be planning for a possible IPO.
Jeld-Wen, a global manufacturer of windows, doors, and treated composite trim and panels, operates in more than 20 countries, with $3.5 billion in revenue, half of which comes from outside the United States.