Jeld-Wen Details Plans to Sell Door Plant by Year End
Charlotte, NC—In its annual report filed with the SEC last month, window and door giant Jeld-Wen Holding revealed details about the court-ordered sale of its Towanda, PA door skin plant. Separately, Jeld-Wen says William (Bill) Christensen, currently CEO of Rehau, will join the firm as president of Jeld-Wen Europe on April 1. In the SEC […]
Rehau CEO Leaves to Run Jeld-Wen Europe
[Press Release] Charlotte, NC—JELD-WEN Holding, Inc. (NYSE:JELD), a leading global manufacturer of building products, today announced a transition of its chief financial officer role, effective April 1. Current CFO John Linker has decided to resign to pursue another CFO opportunity in a different industry and will transition his responsibilities by the end of March. David […]
Jeld-Wen Windows Raises Prices, Lowers Earnings Outlook
Charlotte, NC—Jeld-Wen Holding, Inc. (NYSE:JELD) cut its revenue forecast as labor and supply chain constraints, and continued COVID-19 lockdowns took a toll. The window and door maker also named Colleen Penhall VP Communications. “Demand remains strong in all of our end markets,” says CEO Gary Michel, pointing to year-over-year growth in orders, backlogs in its […]
Steves & Sons Doors Gets $40M from Jeld-Wen In Antitrust Win
San Antonio, TX—Steves & Sons Doors says its win over Jeld-Wen Windows and Doors (NYSE-JELD) following five years of litigation will restore fair and open competition in the door manufacturing industry. Steves & Sons won at every critical juncture in the case to force the divestiture of Jeld-Wen Holdings’ Towanda, PA doorskin manufacturing plant. The […]
Earnings Up, Jeld-Wen Agrees to Divest Towanda
Charlotte, NC—Jeld-Wen Windows and Doors will drop further appeals of a 2019 court order to sell its Towanda, PA moulding and door skin manufacturing operation, acquired 12 years ago from CraftMaster Manufacturing, Inc. The formal announcement was included in an upbeat second quarter earnings report, which saw a 25 percent gain in net revenue to […]
Forced to Sell Door Skin Plant, Jeld-Wen Asks Production Details be Sealed
Towanda, PA — The long-running antitrust case between Steves & Sons Doors and Jeld-Wen appears near an end, with Jeld-Wen agreeing to Steves & Sons demands that it sell its door skin plant in Towanda, PA, the former Craftmaster Inc. operation it acquired more than 12 years ago. In a 2019 settlement of the case, […]
Jeld-Wen Moves Signal It Will Divest Door Plant; Legal Options Narrow
Jeld-Wen’s latest moves suggest divestiture, even as it makes a shot at a Supreme Court review.
Jeld-Wen Windows Reports $1B+ Revenue in First Quarter
Charlotte, NC – Jeld-Wen Holding, Inc. (NYSE:JELD) reported first quarter net revenue of $1.09 billion, and net income of $25.5 million in its global window and door business. Net revenue increased 11.6% during the quarter ending March 27, 2021. “JELD-WEN delivered a strong start to 2021,” says Gary S. Michel, CEO, attributing the results to “the […]