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Jeld-Wen continues its streak of acquisitions with the purchase of LaCantina Doors, a manufacturer of folding and multi-slide door systems based in Oceanside, Calif. Terms of the deal were not disclosed.
“With the booming popularity of folding and multi-slide door systems, the acquisition gives us additional resources, capacity and a leading brand in this growing segment of the market,” said Colin Shaffner, Jeld-Wen’s senior vice president of windows. “It’s a great fit with our mission to continue to push design innovation and offer best-in-class products to our customers not only in North America, but worldwide.”
LaCantina, which has been in business since 2003, builds award-winning door systems for both residential and commercial markets. The company was named one of San Diego’s fastest-growing private companies in 2015 by the San Diego Business Journal.
“LaCantina Doors’ partnership with Jeld-Wen is a fantastic opportunity for us to create greater value for all our customers and employees,” says Matt Power, LaCantina’s co-founder. “I am excited to join the Jeld-Wen team and to continue to lead the market with our brands.”
The LaCantina purchase is Jeld-Wen’s fourth acquisition in 2015.
The company most recently announced that it purchased Karona, a stile and rail wood door manufacturer based in Michigan. Jeld-Wen also acquired Dooria, a leading provider of residential and commercial wood doors in the Swedish and Norwegian markets, and Aneeta, a manufacturer of sashless window systems in Australia.
The string of acquisitions comes as the company might be considering an initial public offering (IPO). In August, the Wall Street Journal reported that Jeld-Wen is working on an IPO that could value the company at $4 billion or higher.
