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
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 new ThermaSlideTM 7000 thermally-broken aluminum insert patio door... Truly a patio door for the Canadian climate!
The Russian and East European construction and interior design markets are leaning more and more toward energy-efficient buildings.
New from Summer 2019, innovative systems house Liniar is delighted to announce the launch of a perfectly square version of its popular lantern style roof, Elevate – meet “Elevate Squared”!
Proving that heritage is trend here to stay, The Genesis Collection was a hit with homeowners at The NEC’s Homebuilding and Renovating Show.
Recently, screen roller shutters from Eko-Okna's offer can be equipped with solar drives.
The Milwood Group were out in force at the FIT show Exhibition in the NEC, Birmingham and they had the best response yet from existing and potential trade partners to the stand.

From industry

10924 Granite Street, Suite 200
Charlotte, NC 28273
United States

10301 North Enterprise Drive
Mequon, WI 53092
United States

NEWS RELATED PRODUCTS

Trex Commercial Products
Diamon-Fusion International, Inc.
Diamon-Fusion International, Inc.
HHH Tempering Resources, Inc.
Diamon-Fusion International, Inc.
Trex Commercial Products

Add new comment