Woodgrain Inc., a millwork and building products company, has closed on its acquisition of the Towanda, Pennsylvania, plant from JELD-WEN Holding Inc.
The sale was conducted in compliance with JELD-WEN’s court-ordered divestiture of the plant for a purchase price of $115 million, subject to customary closing adjustments.
“We are excited to welcome the skilled Towanda associates into the Woodgrain family and eager to work with Towanda’s valued customer base in continuing to service and grow their business,” says Kelly Dame, CEO and president of Woodgrain.
The Towanda plant manufactures molded interior door skins, as well as wood composite MiraTEC® exterior trim and Extira® exterior grade panels.
Woodgrain, headquartered in Fruitland, Idaho, with over 50 manufacturing and warehouse facilities, is family-owned with locations throughout the United States and Chile. With 70 years of quality craftsmanship and service, Woodgrain is a producer of molding, doors, windows, and lumber, as well as a distributor of specialty building products.
Based in Charlotte, North Carolina, JELD-WEN Holding Inc. is a global designer, manufacturer, and distributor of high-performance interior and exterior doors, windows, and related building products serving the new construction and repair and remodeling sectors.
