Jeld-Wen praises takeover deal


Jeld-Wen praised its completed takeover deal by Onex Corp., the Canadian firm that spent $871 million to revive the Oregon company.

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Jeld-Wen praised its completed takeover deal by Onex Corp., the Canadian firm that spent $871 million to revive the Oregon company.

The deal ends family control of the business co-founded by Dick Wendt, who died last year after building the enterprise into a multibillion-dollar venture operating in 22 countries.

Anthony Munk, an Onex managing director, said in a news release Monday that Jeld-Wen fits well with his company’s investment approach. 

“We are excited to be working with the Jeld-Wen team,” Munk said, “to build value and take advantage of the eventual recovery in global housing markets.”

Read more at OregonLive.com.

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