JELD-WEN Completes Sale of Towanda, PA Facility as a Result of Court-Ordered Divestiture Process
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JELD-WEN Holding, Inc. has completed the sale of its Towanda, PA facility to Woodgrain Inc. for $115 million as part of a court-ordered divestiture.
January 20, 2025 | 2:15 pm
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JELD-WEN has sold its Towanda, PA facility to Woodgrain Inc. for $115 million as part of a court-ordered divestiture process.
The sale of the Towanda facility is a significant event for JELD-WEN as it fulfills a court-ordered divestiture. The transaction is neutral in the short term as it is a compliance action rather than a strategic business decision.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100