Live Breaking News & Updates on Oday Announced That It Has Completed Its Comprehensive Review Of Strategic Alternatives For Australasia Business And Entered Intoa Definitive Sale Agreement With Platinum Equity To Sell 100 The Approximately 688 Million Australian Dollars Or Us 461 Million1 Before Tax Subject Certain Adjustments Jeld Wen Anticipates Minimal Leakage Associated Transaction Quot Today 39s Announcement Marks Continued Execution Against Our Strategy Streamline Simplify Maximize Shareholder Value

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 ....

United States , Tom Gores , Williamj Christensen , Herbert Smith Freehills , James Armstrong , Colleen Penhall , Louis Samson , Adam Cooper , Dan Whelan , Holding Inc , Exchange Commission , Corporate Communications , Platinum Equity Co , Platinum Equity , Equity Co President Louis Samson , Platinum Equity Managing Director Adam Cooper , Gresham Advisory Partners , North America , Private Securities Litigation Reform Act , Annual Report , Relations Contact , April 18 , 023 Prnewswire Jeld Wen Holding , Nc Nyse Jeld , A Leading Global Manufacturer Of Building Products , Oday Announced That It Has Completed Its Comprehensive Review Of Strategic Alternatives For Australasia Business And Entered Intoa Definitive Sale Agreement With Platinum Equity To Sell 100 The Approximately 688 Million Australian Dollars Or Us 461 Million1 Before Tax Subject Certain Adjustments Jeld Wen Anticipates Minimal Leakage Associated Transaction Quot Today 39s Announcement Marks Continued Execution Against Our Strategy Streamline Simplify Maximize Shareholder Value ,