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Jeld-Wen Holding Inc(JELD-N)

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JELD-WEN Announces Sale of Australasia Business to Platinum Equity for AU$688 Million

PR Newswire - Mon Apr 17, 2023

CHARLOTTE, N.C., April 17, 2023 /PRNewswire/ -- JELD-WEN Holding, Inc. (NYSE: JELD), a leading global manufacturer of building products, today announced that it has completed its comprehensive review of strategic alternatives for its Australasia business and has entered into a definitive sale agreement with Platinum Equity to sell 100% of the business for approximately $688 million Australian dollars (or approximately US$461 million1) before tax and subject to certain adjustments. JELD-WEN anticipates minimal tax leakage associated with the transaction.  


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