JELD-WEN to sell Towanda, PA unit to Woodgrain for ~$115M in court-ordered divestiture

JELD-WEN Holding, Inc.

Asset purchase agreement for Towanda business; closing as early as December 31, 2024.
Purchase price approximately $115 million, subject to adjustments and closing conditions.
Expected annual revenue reduction of $150M–$200M and EBITDA reduction of $25M–$50M.
Non-cash pre-tax impairment charge of $25M–$35M expected; divestiture roughly neutral to net debt leverage.

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