Onex-backed JELD-WEN acquires Karona
JELD-WEN Inc, a maker of windows and doors, has acquired Karona Inc, a manufacturer of specialty stile and rail doors based in Caledonia, Michigan. The financial terms of the deal were not published. JELD-WEN, which has its headquarters in Charlotte, North Carolina, said the acquisition, the company's third in a month, will strengthen its position in Karona's market space. JELD-WEN was acquired by Canadian private equity firm Onex Corp in October 2011. Last month, JELD-WEN was reported to be considering the launch of an initial public offering that would value it at about US$4 billion.
11 September 2015•3 mins read
