Jeld-Wen to Purchase Australian Company

Jeld-Wen Holding Inc. will acquire the Kolder Group, an Australian provider of shower enclosures, closet systems and related building products.

“The Kolder acquisition significantly enhances our existing Australian capabilities in glass shower enclosures and built-in closet systems, and supports our strategy to build leadership positions in attractive markets,” says Jeld-Wen president and CEO Mark Beck. “We expect to deliver synergies through operational savings from the implementation of JEM and by leveraging the combined benefits of our new Queensland glass processing facility along with Kolder’s internal glass capabilities across our manufacturing platform. We welcome the entire Kolder team to the Jeld-Wen family.”

Kolder was privately held by its founders and other minority shareholders. Terms of the acquisition were not disclosed. Kolder is Jeld-Wen’s ninth acquisition in the last two years, and the fourth in its Australasia segment during that period.

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