M&A Deal Summary

Woodgrain Acquires Towanda

On December 16, 2024, Woodgrain acquired building materials company Towanda from Jeld-Wen for 115M USD

Acquisition Highlights
  • This is Woodgrain’s 1st transaction in the Building Materials sector.
  • This is Woodgrain’s largest (disclosed) transaction.
  • This is Woodgrain’s 1st transaction in the United States.
  • This is Woodgrain’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2024-12-16
Target Towanda
Sector Building Materials
Buyer(s) Woodgrain
Sellers(s) Jeld-Wen
Deal Type Divestiture
Deal Value 115M USD

Target

Towanda

Pennsylvania, United States
Towanda is a provider of building materials.

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Buyer(S) 1

Buyer

Woodgrain

Leesburg, Georgia, United States

Category Company
Founded 1954
Sector Building Materials
DESCRIPTION

Woodgrain is a producer of mouldings, doors, and windows. Woodgrain was founded in 1954 and is based in Leesburg, Georgia.


DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Jeld-Wen

Charlotte, North Carolina, United States

Category Company
Founded 1960
Sector Building Materials
Employees18,000
Revenue 4.3B USD (2023)
DESCRIPTION

Jeld-Wen is a designer, producer and distributor of interior and exterior doors, wood, vinyl and aluminum windows and related products for use in the new construction and repair and remodeling of residential homes and non-residential buildings. Jeld-Wen was founded in 1960 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 2 of 2
Sector (Building Materials) 2 of 2
Type (Divestiture) 2 of 2
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-16 JELD-WEN Australasia

Macquarie Park, Australia

JELD-WEN Australasia provides products and services to projects around the globe for residential, multi-residential, and commercial markets. Through its brands, the company provides windows, doors, architectural glass, showers, wardrobes, and other building products for customers and local communities. Its brands include Stegbar, Corinthian Doors, A&L Windows, Trend Windows, Aneeta Windows, Breezway, Regency, and William Russell Doors, along with architectural glass facilities. JELD-WEN Australasia is based in Macquarie Park, Australia.

Sell $461M