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Charlotte, NC, August 30, 2022 /PRNewswire/ – JELD-WEN HOLDING, INC.
“We are working on our strategy to maximize shareholder value and position JELD-WEN for long-term success,” he said. David NorthChairman of the Board of Directors of JELD-WEN. “As part of this effort, the board is evaluating various options for our Australian business, which represents approximately 10 percent of global revenue. This review is consistent with our goal to streamline and streamline our operations across the company.”
Nord continued, “Australian business has achieved market leading positions and consistently delivered strong results. Australia is well-positioned for long-term growth, and this strategic review assesses options for this high-quality business and aims to unlock value for all stakeholders.”
Australian Business is Australia’s leading designer, manufacturer and distributor of windows and doors. It employs about 5,000 people and consists of 41 production sites. Australia, Malaysia And Indonesia. Its popular brands include Corinthian®, Stegbar® and Breezway®, among many others.
No assurances can be made regarding the outcome or timing of the review, but JELD-WEN plans to expedite this process. The Company does not intend to make any further comments unless and until it is determined that it is material and appropriate for disclosure or required by law.
JELD-WEN engaged Macquarie Capital as financial advisor and Herbert Smith Freehills as legal advisor to assist in the strategic review of the Australian business.
About JELD-WEN, Inc.
In the headquarters Charlotte, N.C. Geld-wen It is a leading global manufacturer of high-performance interior and exterior building products, offering a wide selection of windows, interior and exterior doors and wall systems. Geld-wen It provides a unique customer experience by providing sustainable, energy-efficient products and energy-efficient services that help construction professionals increase productivity and create beautiful and safe spaces for all to enjoy. of Geld-wen The team is innovation-driven and committed to creating safe, sustainable environments for customers, partners and local communities. of Geld-wen It includes a brand family Geld-wen® around the world; Lacantina™ and VPI™ in North America; Swedor® and in DANA® Europe; and Corinth®, Measurable®, and Breezeway® in Australia.
Forward-looking statements
Certain statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995 and include statements about our business strategies and ability to execute on our plans, including market potential, future financial performance, customer demand, potential for our categories, brands and innovations, footprint rationale. and the impact of our modernization program, acquisitions and divestitures on our business and our ability to maximize value and integrate operations, our pipeline of productivity projects, the estimated impact of tax reform, the outcome of our litigation, and our expectations, beliefs, plans, objectives, expectations, assumptions or other Future events. Forward-looking statements are generally identified by our use of forward-looking words such as “expect”, “believe”, “continue”, “may”, “estimate”, “expect”, “think”, “could”. power, “plan”, “potential”, “anticipate”, “seek” or “anticipate”, or the negative thereof or any other variation or equivalent term thereof. In any forward-looking statement, where we have an expectation or belief about future results or events, such hope or belief is based on management’s current plans, expectations, estimates, assumptions and projections. Although we believe that these statements are based on reasonable expectations, assumptions, estimates and projections, they are only predictions and involve known and unknown risks, many of which are beyond our control and actual results and outcomes could differ materially from those indicated. In such statements.
Risks and uncertainties that may arise from the actual results of such statements include risks associated with the impact of the COVID-19 pandemic on the Company and our employees, customers and suppliers, among other things, as discussed in our annual reports. on Form 10-K et al with the Securities and Exchange Commission.
SOURCE JELD-WEN HOLDING, INC.
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