JELD-WEN Growth Continues with Purchase of LaCantina
By Business Wire News
By Business Wire News
A period of rapid growth for JELD-WEN, the world’s largest manufacturer of windows and doors, is continuing with the announcement today that the company has acquired LaCantina Doors, a manufacturer of folding and multislide door systems based in Oceanside, California. Terms of the acquisition were not disclosed.
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LaCantina multislide door system (Photo: Business Wire)
The acquisition demonstrates JELD-WEN’s commitment to aggressive growth via acquisition and core innovation.
“With the booming popularity of folding and multislide door systems, the acquisition gives us additional resources, capacity and a leading brand in this growing segment of the market,” said Colin Shaffner, JELD-WEN senior vice president of windows. “It’s a great fit with our mission to continue to push design innovation and offer best-in-class products to our customers not only in North America, but worldwide.”
Since 2003, LaCantina has built a reputation for manufacturing award-winning door system solutions for both residential and commercial markets. The company was named one of San Diego’s fastest-growing private companies in 2015 by the San Diego Business Journal.
“LaCantina Doors’ partnership with JELD-WEN is a fantastic opportunity for us to create greater value for all our customers and employees,” says Matt Power, LaCantina’s co-founder. “I am excited to join the JELD-WEN team and to continue to lead the market with our brands.”
The purchase of LaCantina marks the fourth acquisition for JELD-WEN in 2015, expanding the company’s position in the U.S. as well as internationally. The company most recently announced the acquisition of Karona, a stile and rail wood door manufacturer based in Michigan. JELD-WEN also acquired 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, North Carolina, the company provides products that enhance the beauty and functionality of homes and commercial buildings. JELD-WEN’s full breadth of products has earned numerous awards and endorsements for dependability, innovation and excellence—providing solutions that deliver exceptional value for builders, architects and homeowners around the world. JELD-WEN is a recognized leader in manufacturing energy-efficient products and has been an ENERGY STAR® Partner since 1998. For more information about JELD-WEN, or to find a dealer, visit www.jeld-wen.com or call 800-877-9482.
CMD on behalf of JELD-WEN
Stefanie Week, 503-488-4258