Woodgrain Inc. (“Woodgrain”), a leading millwork and building products company, and JELD-WEN Holding, Inc. (NYSE: JELD) (“JELD-WEN” or the “Company”) have entered into an asset purchase agreement for the sale of the Towanda,Pennsylvania plant (“Towanda”) to Woodgrain. Woodgrain previously held an ownership position in the Towanda facility from 2002-2012.“The Towanda plant is a strategic acquisition for Woodgrain. The addition of molded door skin and exterior trim manufacturing fits perfectly within our business model and growth plan. Towanda has a great customer base whom we know well, and we look forward to continuing to service and grow share with existing customers” said Kelly Dame, CEO and
President of Woodgrain.
“Woodgrain takes pride in being the employer of choice in the communities we operate, and we believe that our people are our greatest asset. We look forward to adding the skilled
Towanda associates back to the Woodgrain family and plan to maintain all the current employees of the Towanda plant,” commented Brooks Dame, Vice President of the Door
Division. Wells Fargo is serving as the exclusive financial advisor to Woodgrain. The Woodgrain purchase of Towanda is expected to close as early as December 31, 2024.
Woodgrain is family-owned and one of the leading millwork and building products operations in the world with locations throughout the United States and Chile. With 70 years of quality craftsmanship and service, Woodgrain is a leading producer of moulding, doors, windows and lumber, as well as a premier distributor of specialty building products. Woodgrain, Inc. is headquartered in Fruitland, Idaho with over 50 manufacturing and warehouse facilities in the United States and South America. For more information, visit www.woodgrain.com.
