Duratherm windows in a University of Pennsylvania building. Photo: Pella.

Pella Corp. has sold two of its luxury line businesses: Maine-based Duratherm Window Company and New York-based Michael Reilly Design (Reilly Architectural). Duratherm manufactures custom wood doors and windows. Reilly produces custom hardwood and metal doors and windows.

Company officials say the divestments are part of Pella’s strategic planning process and a routine evaluation of its industry position.

“While Pella has learned a lot about the luxury market over the last seven years, we have found that there are vast differences in our business models that prohibit us from gaining the synergy we need to deliver on our growth strategy,” says Pella CEO Tim Yaggi.

Yaggi adds that Pella will instead focus on enhancing its capabilities in the “fastest growing geographies and channels, and focus on high margin, high growth product segments that can create scale.”

Duratherm will be purchased by its prior owner, Tim Downing. Downing owned the company for more than 30 years before it was acquired by Pella. He continued to lead the company during Pella’s ownership.

Reilly is set to be purchased by Stately Doors & Windows, a luxury business based in Irving, Texas. Reilly and Stately are “complementary businesses serving the luxury, custom market and together will expand their capabilities and geographic footprint,” say officials. Stately is part of Kin Capital Partners, which owns several custom-building materials manufacturing companies and distributors.

Officials say employees impacted by the divestitures will be offered support as they transition to new opportunities with the acquiring companies. Approximately 165 employees from Reilly and 60 from Duratherm are affected. The transactions are expected to be completed by Aug. 1, 2024.

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