JELD-WEN Announces Purchase Agreement for Towanda, PA Facility as a Result of Court-Ordered Divestiture Process
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JELD-WEN Holding, Inc. has announced an asset purchase agreement to sell its Towanda, PA facility to Woodgrain Inc. for approximately $115 million. This sale is part of a court-ordered divestiture process.
December 16, 2024 | 2:15 pm
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JELD-WEN Holding, Inc. is selling its Towanda, PA facility to Woodgrain Inc. for $115 million due to a court-ordered divestiture. This transaction is part of a legal compliance process.
The sale of the Towanda facility is a significant move for JELD-WEN as it complies with a court order. The transaction is valued at $115 million, which could impact the company's financials. However, as this is a compliance-driven sale, the immediate stock price impact may be neutral.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90