JELD-WEN Holding announces agreement to acquire VPI Quality Windows

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JELD-WEN Holding announces agreement to acquire VPI Quality Windows

photo JELD-WEN

JELD-WEN Holding announces agreement to acquire VPI Quality Windows


JELD-WEN Holding, Inc. has signed a definitive agreement to acquire VPI Quality Windows, Inc. VPI is a market-leading vinyl window manufacturer specializing in customized solutions for mid-rise multi-family, institutional, hospitality and commercial projects, primarily in the western United States. 


VPI will provide JELD-WEN with a foundation for growth in the multi-family window market, providing us with a premier product and brand in the segment. We believe that VPI’s capabilities and service model, combined with JELD-WEN’s national distribution footprint, will provide significant growth potential – said Gary Michel, president and chief executive officer of  JELD-WEN. – The acquisition of VPI extends our successful M&A track record and demonstrates our disciplined and balanced approach to capital allocation.


JELD-WEN expects the transaction to close late in the first quarter of 2019, subject to customary closing conditions. Terms of the acquisition were not disclosed. JELD-WEN expects VPI to add approximately $60 million in annualized revenue and that the acquisition will be immediately accretive to both adjusted EPS and adjusted EBITDA margins.

#windows, #window_manufacturer




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