Jeld-Wen announced it has initiated a comprehensive review of strategic alternatives for its Europe business.
What Jeld-Wen leadership says
"We are advancing our strategic priorities with a clear focus on driving long-term value," says William J. Christensen, Chief Executive Officer of Jeld-Wen. "As part of this effort, Jeld-Wen is assessing a range of options for our Europe business, which accounted for $1.1 billion, or approximately 28 percent of our global revenue in 2024. This initiative reflects our commitment to optimizing our portfolio and aligning resources to best support sustainable performance over time."
"Our European business has delivered strong performance and holds leading positions in key markets. With a solid foundation for future growth, this strategic review will explore opportunities to unlock additional value, ensuring we continue to serve the best interests of our stakeholders."
About Jeld-Wen Europe
Jeld-Wen Europe is a designer, manufacturer and distributor of interior and exterior doors and door sets in wood and steel. It is comprised of 23 manufacturing locations and employs approximately 6,000 people across the UK, France, Central Europe and Northern Europe. Offerings include fire-rated and security solutions under brands such as BOS, DANA, Domoferm, Dooria, HSE, Jeld-Wen, Kellpax, Kilsgaard, Swedoor and Zargag.
No assurances can be given regarding the outcome or timing of the review, but officials say that Jeld-Wen plans to conduct this process expeditiously. The company does not intend to make any further comment unless and until it determines that further disclosure is material and appropriate for disclosure or as may be required by law.
