CHARLOTTE, N.C., April 18, 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. "Today's announcement marks continued execution against our strategy to streamline and simplify our business and maximize shareholder value," said William J. Christensen, JELD-WEN chief executive officer. "I want to personally thank our Australasia team for their hard work and dedication to serving customers. We look forward to working with Platinum on executing a seamless transition for the business." Platinum E
CHARLOTTE, N.C., Aug. 31, 2022 /PRNewswire/ JELD-WEN Holding, Inc. (NYSE: JELD), a leading global manufacturer of building products, today announced that it has initiated a comprehensive review of strategic alternatives for its Australasia business. "We are executing on our strategy to maximize shareholder value and position JELD-WEN for long-term success," said David Nord, chair of the JELD-WEN board of directors. "As part of this effort, the board is evaluating a range of options for our Australasia business, which represents approximately 10 percent of global revenues. This review is consistent with our goal to streamline and simplify our operations across the company." Nord continued, "The Australasia business has achieved market-leading positions and delivered consistently strong results. Australasia is well-placed for long-term growth, and this strategic review will assess options for this high-quality business with the objective of unlocking value for a