JELD-WEN Announces Agreement to Acquire TREND Windows & Doors
By Business Wire News
By Business Wire News
JELD-WEN, the world’s largest manufacturer of windows and doors, has announced that it has entered into an agreement to acquire TREND Windows & Doors, a leading manufacturer and supplier of windows and doors in Australia.
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TREND Door System (Photo: Business Wire)
TREND produces aluminum, timber and thermal energy efficient windows and doors under a variety of brand names, including: Trend, Synergy, Quantum, Quantum XP Windows, Crestlite (commercial), Trend thermAL Energy Efficiency, Thermashield, SoundMizer and Xtreme Bushfire Protection Windows & Doors.
Founded in 1968, TREND has an extensive manufacturing and showroom network across eastern Australia. The addition of TREND’s iconic brand name will expand JELD-WEN’s family of brands in Australia, which also includes Corinthian, Aneeta, Regency, Stegbar, Airlite, William Russell Doors, and JELD-WEN Glass.
The transaction is expected to close in the first quarter of 2016, and is subject to customary closing conditions.
Upon closing, the transaction will be the fifth acquisition for JELD-WEN in recent months and the second acquisition in Australia.
The company most recently announced the acquisition of LaCantina Doors, a manufacturer of folding and multislide door systems based in California. Other recent acquisitions from JELD-WEN include: Karona, a stile and rail wood door manufacturer from Michigan; Dooria, a leading provider of residential and commercial wood doors in the Swedish and Norwegian markets; and Aneeta, a manufacturer of sashless window systems in Australia.
JELD-WEN — a leading global manufacturer of windows, doors, and treated composite trim and panels — operates in more than 20 countries with $3.5 billion in revenue; half of which comes from outside the United States. Headquartered in Charlotte, N.C., the company provides products that enhance the beauty and functionality of homes and commercial buildings. JELD-WEN’s full breadth of products have earned numerous awards and endorsements for dependability, innovation and excellence — providing solutions that deliver exceptional value for builders, architects and homeowners around the world. For more information, visit www.jeld-wen.com.