Oregon's Jeld-Wen praises completed Onex takeover deal: 'will allow us to further grow'

Date: 5 October 2011
Source: http://www.oregonlive.com
Jeld-Wen's savior materialized Monday in the form of Onex Corp., a Canadian firm that injected $871 million to revive the window-and-door company bloodied by the housing market crash.

Onex, betting on the global housing market's eventual recovery, announced that it had completed its takeover of Klamath Falls-based Jeld-Wen. The Toronto private-equity firm gained a 58 percent stake in Oregon's largest privately held company.

The deal ends family control of the business co-founded by Dick Wendt, who died last year after building the enterprise into a multibillion-dollar venture operating in 22 countries.

Read more: www.oregonlive.com/business/index.ssf/2011/10/oregons_jeld-wen_praises_compl.html

600450 Oregon's Jeld-Wen praises completed Onex takeover deal: 'will allow us to further grow' glassonweb.com

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