JELD-WEN Completes Asset Acquisition from Masonite
Ticker: JELD · Form: 8-K · Filed: Jan 21, 2025 · CIK: 1674335
| Field | Detail |
|---|---|
| Company | Jeld-Wen Holding, Inc. (JELD) |
| Form Type | 8-K |
| Filed Date | Jan 21, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $115 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, assets, strategic-move
TL;DR
JELD-WEN bought assets from Masonite on Jan 17. Big moves ahead.
AI Summary
JELD-WEN Holding, Inc. announced the completion of its acquisition of certain assets from Masonite International Corporation on January 17, 2025. The company also disclosed information regarding its financial statements and exhibits related to this transaction.
Why It Matters
This acquisition likely signals JELD-WEN's strategic expansion and integration of new assets, potentially impacting its market position and future financial performance.
Risk Assessment
Risk Level: medium — Acquisitions carry inherent risks related to integration, market reception, and financial performance, which could impact JELD-WEN's stock.
Key Players & Entities
- JELD-WEN Holding, Inc. (company) — Acquiring company
- Masonite International Corporation (company) — Seller of assets
- January 17, 2025 (date) — Date of acquisition completion
FAQ
What specific assets did JELD-WEN acquire from Masonite?
The filing indicates the completion of an acquisition of 'certain assets' from Masonite International Corporation, but does not specify the exact nature or value of these assets.
What is the financial impact of this acquisition on JELD-WEN?
The filing does not provide specific financial details or projections related to the impact of this asset acquisition on JELD-WEN's financials.
When was the acquisition officially completed?
The acquisition of certain assets from Masonite International Corporation was completed on January 17, 2025.
Are there any regulatory filings or exhibits associated with this transaction?
Yes, the filing explicitly mentions 'Financial Statements and Exhibits' as an item of information, indicating related documentation is included.
Does this acquisition involve any disposition of assets by JELD-WEN?
The filing lists 'Completion of Acquisition or Disposition of Assets' as an item of information, suggesting that asset disposition might also be a component of the reported events, though the primary focus appears to be the acquisition from Masonite.
Filing Stats: 667 words · 3 min read · ~2 pages · Grade level 10.1 · Accepted 2025-01-21 08:30:30
Key Financial Figures
- $0.01 — ich registered Common Stock (par value $0.01 per share) JELD New York Stock Exchange
- $115 m — Transaction ") for a purchase price of $115 million, subject to customary closing adj
Filing Documents
- jeld-20250117.htm (8-K) — 31KB
- exhibit991toformcomplete.htm (EX-99.1) — 4KB
- exhibit991toformcomplete001.jpg (GRAPHIC) — 148KB
- 0001674335-25-000006.txt ( ) — 362KB
- jeld-20250117.xsd (EX-101.SCH) — 2KB
- jeld-20250117_lab.xml (EX-101.LAB) — 21KB
- jeld-20250117_pre.xml (EX-101.PRE) — 12KB
- jeld-20250117_htm.xml (XML) — 3KB
01 Completion of Acquisition or Disposition of Assets
Item 2.01 Completion of Acquisition or Disposition of Assets. On January 17, 2025, pursuant to an order issued by the United States District Court for the Eastern District of Virginia, Richmond Division, and the previously announced Asset Purchase Agreement (the " Purchase Agreement "), dated October 11, 2024 and effective December 13, 2024, by and between JELD-WEN, Inc. (" JW, Inc. "), a wholly-owned subsidiary of JELD-WEN Holding, Inc., a Delaware corporation (the " Company "), WG Towanda LLC, a wholly owned subsidiary of Woodgrain Inc. (" Purchaser "), and Woodgrain Inc., JW, Inc. completed the sale of its Towanda, Pennsylvania business and related assets to Purchaser (the " Transaction ") for a purchase price of $115 million, subject to customary closing adjustments. The foregoing description of the Purchase Agreement and the Transaction does not purport to be complete and is qualified in its entirety by the Purchase Agreement filed as Exhibit 2.1 to the Company's Current Report on Form 8-K filed with the U. S. Securities and Exchange Commission on December 19, 2024.
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On January 20, 2025, the Company issued a press release announcing the completion of the Transaction. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated by reference herein. The information in this Item 7.01 (including Exhibit 99.1) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the " Exchange Act ") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release issued by JELD-WEN Holding, Inc. dated January 20, 2025. 104 Cover Page Interactive Data file (formatted as Inline XBRL).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 21, 2025 JELD-WEN HOLDING, INC. By: /s/ James S. Hayes James S. Hayes Executive Vice President, General Counsel and Corporate Secretary