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An announcement from JELD-WEN ( (JELD) ) is now available.
JELD-WEN Holding, Inc. has entered an asset purchase agreement to sell its Towanda, Pennsylvania business to Woodgrain Inc. for approximately $115 million following a court-ordered divestiture. The transaction is expected to result in a significant annual revenue and EBITDA reduction for JELD-WEN, but the company remains focused on its transformation efforts and long-term growth by investing in self-driven improvements.
More about JELD-WEN
JELD-WEN Holding, Inc. is a leading global designer, manufacturer, and distributor of high-performance interior and exterior doors, windows, and related building products. The company serves the new construction and repair and remodeling sectors, operating in 15 countries across North America and Europe with approximately 18,000 associates. Their brand portfolio includes JELD-WEN®, LaCantina®, VPI™, Swedoor®, and DANA®.
YTD Price Performance: -53.55%
Average Trading Volume: 728,745
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $742.1M
Find detailed analytics on JELD stock on TipRanks’ Stock Analysis page.
