JELD-WEN Sells Towanda Business for $115M

By Tamara Parker • Tuesday, January 21 10:20 • Permanent Link

Jeld-Wen Holding, Inc. (NYSE: JELD) has announced the completion of the sale of its Towanda, Pennsylvania business to Woodgrain Inc. The sale, which was part of a court-ordered divestiture process, was finalized on January 17, 2025, for a total purchase price of $115 million, subject to customary closing adjustments.

The company, based in Charlotte, North Carolina, is a leading global manufacturer of high-performance interior and exterior doors, windows, and related building products. Jeld-Wen operates facilities in 15 countries across North America and Europe and employs approximately 18,000 associates.

This development reflects Jeld-Wen's commitment to compliance with legal obligations and its strategic decision-making in line with its business operations.

As a result of this sale, investors and stakeholders will be keen to see the impact on Jeld-Wen's financials in the upcoming reporting period. Today the company's shares have moved 2.4% to a price of $9.73. If you want to know more, read the company's complete 8-K report here.

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