Onex completes takeover of KFalls-based Jeld-Wen
Monday, October 3, 2011
PORTLAND, Ore. (AP) -- The Toronto private equity firm Onex completed the takeover Monday of Klamath Falls-based window- and door-maker Jeld Wen.
The Oregonian reports (http://bit.ly/qdwoqg ) Onex gained a 58 percent stake in the company with an $871 million investment it hopes will revive the business that was battered in the housing market crash.
The deal ends family control of Jeld-Wen. The son of co-founder Dick Wendt, Rod Wendt remains chief executive. An Onex official, Philip Orsino, is company president.
Jeld-Wen has about 20,000 employees in 22 countries, including 2,500 in Oregon.
Information from: The Oregonian, http://www.oregonlive.com