Jeld-Wen

JELD-WEN Windows and Doors
Public
Traded as NYSE: JELD
Russell 2000 Component
Industry Building Products
Founded 1960
Headquarters Charlotte, North Carolina
Key people
 Gary Michel, CEO
Products

Exterior & 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
Revenue

US$ 3.67 billion (2016)

US$ 3.38 billion (2015)

US$ 357.5 million (2016)

US$ 90.9 million (2015)
Number of employees
 20,600 (Dec. 31, 2016)
Website www.jeld-wen.com
Jeld-Wen in Kuopio, Finland

JELD-WEN is an American company with its headquarters in Charlotte, North Carolina. It is one of the world's largest manufacturers of windows and doors. The company operates more than 120 manufacturing facilities in 19 countries.[1] 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.[1]

History

Jeld-Wen predecessor company Morgan Manufacturing, Oskosh, Wisconsin. The Morgan Manufacturing plant was shut down in 2009.[2]

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.[3] The company first established operations to support their millwork business and later added other materials to its offering including fiber, vinyl, aluminum and steel.[4]

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.[5]

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.[6]

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.[7]

JELD-WEN was recapitalized by Onex Corporation in 2011 following the housing market downturn.[8] JELD-WEN went public through an IPO on the New York Stock Exchange on January 27, 2017.[9] The company completed a secondary offering in May 2017.[10]

Recent Acquisitions

From 2015-2017, the company completed nine acquisitions, including DOORIA, Aneeta, Karona, LaCantina, Trend, Breezway,[3] Mattiovi Oy,[11] Milliken Millworks,[12] and Kolder Group.[13]

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® [14]and Alupan®.[3]

Environmental Stewardship

JELD-WEN pursues processes that are designed to minimize waste, maximize efficient use of materials, and conserve resources, including the use of recycled and reused materials as part of the company's products.

JELD-WEN products can be integrated into commercial or residential projects pursuing certification through the U.S. Green Building Council (USGBC LEED), the International Living Future Institute (Living Building Challenge), the Green Building Initiative, or the National Green Building Standard.

The company has been an ENERGY STAR® partner since 1998 and is a USGBC National Member and GBI Board Member. JELD-WEN is an active member of the International Living Future Institute and Living Product 50 (LP 50).[15]

Charitable Activities

JELD-WEN began formal community support initiatives in 1969 and continues to provide financial assistance through grants, scholarships, and matching employee donations to the United Way.[16]

See also

  • List of companies based in North Carolina

References

  1. 1 2 "JELD-WEN, Inc., Form 10-K, Annual Report, Filing Date March 3, 2017". Jeld-Wen.
  2. ↑ http://www.thenorthwestern.com/article/20090919/OSH03/909190387/End-an-era-Jeld-Wen-shuts-down-Oshkosh-door-plant?nclick_check=1
  3. 1 2 3 "JELD-WEN HOLDING, INC. Filed This 10-K On 03/03/2017". Jeld-Wen.
  4. ↑ { Rodengen 2010, p. 11.}
  5. ↑ { Rodengen 2010, pp. 23 & 31}
  6. ↑ { Rodengen 2010, p. 43}
  7. ↑ { Rodengen 2010, p. 53}
  8. ↑ "Onex buys into doormaker JELD-WEN for $675 million. Reuters Retrieved [10/12/2017]".
  9. ↑ "JELD-WEN share price jumps 13.6 percent in IPO debut. Winston-Salem Journal. Retrieved [10/12/2017]".
  10. ↑ "JELD-WEN Holding, Inc. Announces Launch of Secondary Offering of Common Stock Retrieved [10/12/2017]".
  11. ↑ "JELD-WEN Holding, Inc. Announces Acquisition of Mattiovi Oy".
  12. ↑ "JELD-WEN Holding, Inc. Announces Acquisition of Milliken Millwork, Inc".
  13. ↑ "JELD-WEN Holding, Inc. Announces Acquisition of the Kolder Group".
  14. ↑ https://www.alwindows.com.au/blog/alwindows-joins-jeld-wen-group/
  15. ↑ "JELD-WEN Environmental Stewardship".
  16. ↑ "JELD-WEN History".
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