Jeld-Wen Just Acquired Karona Inc.

September 10th, 2015 by Editor

Charlotte, N.C.-based Jeld-Wen just made its third acquisition in a month. This time, it bought Karona Inc., a manufacturer of stile and rail doors based in Caledonia, Mich.

Terms of the deal were not disclosed.

A Karona door.

A Karona stile door.

“Innovation and expanding our market leadership position are top priorities for us, very much in alignment with our mission to offer the most complete depth and breadth of product in the industry,” says Lennie Rhoades, Jeld-Wen’s senior vice president of doors. “The acquisition of Karona is an excellent fit and increases our capabilities and product offerings in the specialty stile and rail market in North America.”

Karona is a 35-year-old company and was previously owned by Ron Sisson, according to its website.

In the past few weeks, Jeld-Wen has made two other acquisitions, both headquartered in other countries — Dooria, a residential and commercial wood provider in Sweden and Norway, and Aneeta, a sashless window manufacturer in Australia.

The acquisitions come as the company, which recently completed a move from Oregon to North Carolina, is rumored to be on the verge of an IPO.

 

This article is from Door and Window Market [DWM] magazine's free e-newsletter that covers the latest door and window industry news. Click HERE to sign up—there is no charge. Interested in a deeper dive? Free subscriptions to [DWM] magazine in print or digital format are available. Subscribe at no charge HERE.

Tags: , , , , ,

Leave Comment