JELD-WEN Holding, Inc. Announces Agreement to Acquire VPI Quality Windows, Inc.

JELD-WEN Holding, Inc. Announces Agreement to Acquire VPI Quality Windows, Inc.
Photo source
jeld-wen.com

Date: 12 March 2019

JELD-WEN Holding, Inc. has signed a definitive agreement to acquire VPI Quality Windows, Inc.

VPI is a market-leading vinyl window manufacturer specializing in customized solutions for mid-rise multi-family, institutional, hospitality and commercial projects, primarily in the western United States. VPI has earned a reputation as a preferred supplier of windows for the multi-family market through a relentless focus on quality, service and superior product performance.

“VPI will provide JELD-WEN with a foundation for growth in the multi-family window market, providing us with a premier product and brand in the segment. We believe that VPI’s capabilities and service model, combined with JELD-WEN’s national distribution footprint, will provide significant growth potential,” said Gary Michel, president and chief executive officer. “The acquisition of VPI extends our successful M&A track record and demonstrates our disciplined and balanced approach to capital allocation.”

JELD-WEN expects the transaction to close late in the first quarter of 2019, subject to customary closing conditions. Terms of the acquisition were not disclosed.

JELD-WEN expects VPI to add approximately $60 million in annualized revenue and that the acquisition will be immediately accretive to both adjusted EPS and adjusted EBITDA margins.

600450 JELD-WEN Holding, Inc. Announces Agreement to Acquire VPI Quality Windows, Inc. glassonweb.com

See more news about:

Others also read

The Façade Parade 2025, organized by PERAFI and AKLP, will take place on 7–8 November 2025 at ICE BSD City, Indonesia, as part of Glasstech & Fenestration Asia 2025.
The organizations to headline Women in Glass + Fenestration Event, Nov. 6
Participants at the FGIA Fall Conference heard from two legal experts about a range of unforced errors that can take place in construction – but can also be prevented.
Glasstech Asia & Fenestration Asia 2025 extends an invitation to industry professionals to join Southeast Asia’s premier platform for the glass and façade industry.
Three panelists addressed the topic of sustainability at the Fenestration and Glazing Industry Alliance (FGIA) Fall Conference in Indianapolis.
From 24 to 27 March 2026, the world's leading trade fair will once again open its doors at the Exhibition Centre Nuremberg.

Add new comment

From industry

NEWS RELATED PRODUCTS

A+W Software GmbH