PORTLAND, Ore. (AP) — One of the largest companies in Oregon is getting a Canadian owner.
The Oregonian reported Monday (http://bit.ly/qO43VE ) that Toronto investment firm Onex Corp. will pay $675 million to take a majority stake in Jeld-Wen, based in Klamath Falls.
Onex agreed in May to pay $475 million for a 39 percent stake. It will also issue a $189 million note convertible to additional stock.
The collapse of the U.S. housing market hammered Jeld-Wen, which is privately held and makes doors and windows. It has sold holdings in resorts and real estate to concentrate on its core business.