PORTLAND — Longtime Oregon door and window manufacturer Jeld-Wen plans an initial public stock offering as early as this spring, according to Bloomberg.
The news service reported Jeld-Wen is looking to raise around $500 million in an IPO that would value the company at around $5 billion overall.
The company was long headquartered in Klamath Falls, Ore., but Jeld-Wen’s corporate offices moved last summer to North Carolina. The company endured a precipitous decline in business during the Great Recession, which coincided with the 2010 death of co-founder Richard Wendt.
Ownership salvaged Jeld-Wen by selling most of the business to a Canadian private equity firm called Onex for $871 million. If investors accept Jeld-Wen’s $5 billion valuation, the new owners will be reaping a tremendous profit.
Jeld-Wen still has a substantial presence in Klamath Falls. Bloomberg said it’s working on the IPO with bankers at Credit Suisse Group, Barclays and Citigroup.
