Jeld-Wen moves to North Carolina - Gate House
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September 04. 2015 11:22AM Jeld-Wen moves to North Carolina PORTLAND — Jeld-Wen Holdings Inc., once Oregon's largest private company, has made a quiet exit, leaving its global headquarters in Klamath Falls and moving to Charlotte, N.C. The Oregonian reports a spokeswoman for the multinational window-and-door manufacturer confirmed the company's big move Thursday. Darcie Meihoff said the company's transition has been a slow one. Executives initially denied rumors that Jeld-Wen would move to Charlotte, but it moved in 2012 to be closer to East Coast customers. When the company sold a majority of its ownership to Onex Corp., a Canadian private equity firm, for $871 million in 2011, it employed about 1,200 people in Oregon at its headquarters and factories.  Meihoff said Jeld-Wen still has a presence in Oregon with a research and development division and manufacturing operations.  Moody's Corp. says Jeld-Wen reported $3.5 billion in revenue in the previous fiscal year. The Wall Street Journal reported Aug. 3 that Jeld-Wen was working on a potential IPO that would value the company at as much as $4 billion. That valuation would give Onex a huge profit from its acquisition. The 2011 sale gave Jeld-Wen an implied value of $1.5 billion. — Associated Press http://www.mailtribune.com/article/20150904/NEWS/150909797 © 2015 Copyright © 1995-2011 Crain Communications Inc. All Rights Reserved. Terms of Use Privacy Statement -->