Company:Jeld-Wen

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Short description: American manufacturing company
JELD-WEN Windows and Doors
TypePublic
NYSE: JELD
Russell 2000 Component
IndustryBuilding Products
Founded1960
HeadquartersCharlotte, North Carolina
Key people
Bill Christensen, CEO
ProductsExterior & Interior Doors, Wall Systems, Wood, Vinyl & Aluminum Windows, Shower Enclosures, Closet Systems, Moldings & Trim Board, Lumber and Glass, Staircases, Hardware and Locks, Cabinets, Molded Door Skins
BrandsAuraLast, MiraTEC, Extira, LaCANTINA, Karona, ImpactGuard, Aurora, IWP, Stegbar, Regency, William Russel Doors, Airlite, Trend, The Perfect Fit, Aneeta, Breezway, Corinthian, Swedoor, Dooria, DANA, A&L and Alupan
RevenueDecrease $4.29 billion (2019)
Increase $4.35 billion (2018)[1]
US$ 357.5 million (2016) US$ 90.9 million (2015)
Number of employees
23,300[2] (2020)
Websitewww.jeld-wen.com
Jeld-Wen in Kuopio, Finland

JELD-WEN is an American company with its headquarters in Charlotte, North Carolina. The company operates more than 120 manufacturing facilities in 19 countries.[3] JELD-WEN designs, produces and distributes interior and exterior doors, wood, vinyl and aluminum windows, wall systems, shower enclosures, closet systems and other components used in the new construction, as well as repair and remodel of residential homes and non-residential buildings.[3]

History

Jeld-Wen predecessor company Morgan Manufacturing, Oskosh, Wisconsin. The Morgan Manufacturing plant was shut down in 2009.

JELD-WEN was founded in 1960 by Richard "Dick" Wendt when he, together with four business partners, bought a millwork plant in Klamath Falls, Oregon.[4] The company first established operations to support their millwork business and later added other materials to its offering including fiber, vinyl, aluminum and steel.[5]

During the 1970s and 1980s, JELD-WEN grew through vertical integration and acquisition. By 1989, JELD-WEN was ranked seventh among privately held companies in Oregon with revenues of more than $350 million.[6]

Throughout the 1990s, JELD-WEN continued diversification efforts, moving into additional areas of service and expanding to new countries and continents. In 1996, Forbes ranked JELD-WEN at 225 of the nation's top 500 privately owned companies. In 1997, it was ranked 119 and revenues were estimated at $1.39 billion.[7]

By the early 2000s, JELD-WEN was operating throughout the United States, Canada, Mexico, Chile, Europe, Australia, and Asia. JELD-WEN also diversified in to the home center business and began selling through big-box retailers.[8]

JELD-WEN was recapitalized by Onex Corporation in 2011 following the housing market downturn.[9] JELD-WEN went public through an IPO on the New York Stock Exchange on January 27, 2017.[10] The company completed a secondary offering in May 2017.[11]

Recent Acquisitions

From 2015 to 2017, the company completed nine acquisitions, including DOORIA, Aneeta, Karona, LaCantina, Trend, Breezway,[4] Mattiovi Oy,[12] Milliken Millworks,[13] and Kolder Group.[14]

JELD-WEN Brands

JELD-WEN brands include JELD-WEN, AuraLast, MiraTEC, Extira, LaCANTINA, Karona, ImpactGuard, Aurora, IWP, Stegbar, Regency, William Russel Doors, Airlite, Trend, The Perfect Fit, Aneeta, Breezway, Corinthian, Swedoor, Dooria, DANA, A&L[15] and Alupan.[4][16]

See also

  • List of companies based in North Carolina

References

  1. ↑ "JELD | JELD-WEN Holding Inc. Annual Income Statement". 7 October 2023. https://www.marketwatch.com/investing/stock/jeld/financials. 
  2. ↑ "JELD-WEN Holding". http://fortune.com/fortune500/jeld-wen-holding/. 
  3. ↑ 3.0 3.1 "JELD-WEN, Inc., Form 10-K, Annual Report, Filing Date March 3, 2017". Jeld-Wen. http://investors.jeld-wen.com/investor-relations/news-releases/2017/06-30-2017-073854032. 
  4. ↑ 4.0 4.1 4.2 "JELD-WEN HOLDING, INC. Filed This 10-K On 03/03/2017". Jeld-Wen. http://otp.investis.com/clients/us/jeldwen_holding_inc/SEC/sec-show.aspx?Type=html&FilingId=11906928&CIK=0001674335&Index=10000. 
  5. ↑ { Rodengen 2010, p. 11.}
  6. ↑ { Rodengen 2010, pp. 23 & 31}
  7. ↑ { Rodengen 2010, p. 43}
  8. ↑ { Rodengen 2010, p. 53}
  9. ↑ Jordan, Pav (4 May 2011). "Onex buys into doormaker JELD-WEN for $675 million. Reuters Retrieved [10/12/2017"]. Reuters. https://www.reuters.com/article/us-onex/onex-buys-into-doormaker-jeld-wen-for-675-million-idUSTRE7437QA20110504. 
  10. ↑ Jordan, Pav (4 May 2011). "JELD-WEN share price jumps 13.6 percent in IPO debut. Winston-Salem Journal. Retrieved [10/12/2017"]. Reuters. https://www.reuters.com/article/us-onex/onex-buys-into-doormaker-jeld-wen-for-675-million-idUSTRE7437QA20110504. 
  11. ↑ "JELD-WEN Holding, Inc. Announces Launch of Secondary Offering of Common Stock Retrieved [10/12/2017"]. http://investors.jeld-wen.com/investor-relations/news-releases/2017/05-22-2017-215810605. 
  12. ↑ "JELD-WEN Holding, Inc. Announces Acquisition of Mattiovi Oy". http://investors.jeld-wen.com/investor-relations/news-releases/2017/06-30-2017-073854032. 
  13. ↑ "JELD-WEN Holding, Inc. Announces Acquisition of Milliken Millwork, Inc.". http://investors.jeld-wen.com/investor-relations/news-releases/2017/08-25-2017-141131695. 
  14. ↑ "JELD-WEN Holding, Inc. Announces Acquisition of the Kolder Group". http://investors.jeld-wen.com/investor-relations/news-releases/2017/08-31-2017-213041234. 
  15. ↑ A&L. "A&L Windows joins the iconic JELD-WEN Group" (in en). https://www.alwindows.com.au/blog/alwindows-joins-jeld-wen-group/. 
  16. ↑ "Windows For Me". https://windowsforme.com/.  Sunday, May 31, 2020

External links



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