JELD-WEN to Acquire Craftmaster Manufacturing

Jul 17, 2012 | Furniture Manufacturer | 0 comments

USA (Notifix).- JELD-WEN, Inc., a leading global manufacturer of doors, door facings, windows and related components, announced that it has entered into a letter of intent

to acquire Craftmaster Manufacturing, Inc. (CMI). Closing is subject to due diligence and the negotiation and signing of a definitive agreement, and is expected to occur in the third quarter of 2012. CMI, based in Chicago, is a manufacturer and marketer of CraftMaster® molded door facings and doors, MiraTEC® exterior composite trim and Extira® exterior composite panels, with its principal manufacturing facility in Towanda, Pennsylvania. The acquisition will expand JELD-WEN’s manufacturing footprint in the United States, will give JELD-WEN access to new and proprietary technology, and will increase its focus on environmentally-friendly wood composite exterior products. Founded in 1960 as a small Oregon millwork plant with 15 employees, JELD-WEN now has approximately 20,000 employees across more than 100 locations in the Americas, Europe, Asia and Australia. For 50 years, JELD-WEN has built its reputation as a reliable manufacturer of windows and doors.

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