Jeld-Wen to sell its Australasia business for US$461 million

Jeld-Wen Holding, has entered into a definitive sale agreement with Platinum Equity to sell 100% of the business for approximately $688 million Australian dollars (or approximately US$461 million) before tax and subject to certain adjustments. Jeld-Wen's Australasia business represents approximately 11% of the company's global revenues and is the leading Australian designer, manufacturer and distributor of windows and doors. It employs roughly 5,000 people and comprises 41 manufacturing locations across Australia, Malaysia and Indonesia. The transaction is expected to close in the Q3 2023, subject to certain closing conditions and regulatory approvals ...