Jeld-Wen to Acquire Domoferm

October 12th, 2017 by Editor

Jeld-Wen has signed a definitive agreement to acquire the Domoferm Group of companies from holding company Domoferm International GmbH.

Jeld-Wen expects the transaction to close in mid to late first quarter of 2018, subject to customary closing conditions. Terms of the deal were not disclosed.

Domoferm is a leading European provider of steel doors, steel door frames and fire doors for commercial and residential markets. Domoferm is based in Gänserndorf, Austria, with more than 1,000 employees at four manufacturing sites in Austria, Germany and the Czech Republic. The company was founded in 1960.

“Domoferm’s capabilities in steel frames and doors significantly expand our European product range, including certified door systems,” said Mark Beck, Jeld-Wen’s president and CEO. “We expect to deliver cost synergies through implementation of our JEM productivity initiatives. We are thrilled to welcome the Domoferm team to Jeld-Wen.”

Domoferm International GmbH was privately held by Austro Holding GmbH and Grosso Holding GmbH.

Tags: , ,

Leave Comment