Jeld-Wen Acquires Aneeta Window Systems as It Mulls IPO
CHARLOTTE, NC - Window and door maker Jeld-Wen says its recent acquisition of an innovative window systems manufacturer in Australia strengthens its global product portfolio. The Aneeta window system eliminates the sash, creating a full glass field on horizontal and vertical opening windows.
“The acquisition of Aneeta is a strong, strategic fit for us,” said Kirk Hachigian, Jeld-Wen CEO. “Our goal is to offer the most innovative window and door products not only to our customers in the Australian market, but throughout the globe.”
Founded in 1994, Aneeta Windows has specialized in the manufacturing of sashless windows, an innovative system that features two moving panes of counterbalanced glass, without the bulk of a timber or aluminum sash frame surrounding the glass. Based in Melbourne, Aneeta currently operates in Melbourne, Sydney, Brisbane, Perth and Adelaide. The company has licensing agreements in the U.S., New Zealand and The Philippines. Aneeta also exports products to Singapore and Mexico.
The addition of Aneeta expands JELD-WEN’s family of brands in Australia, which also includes Stegbar, Corinthian, Regency, Airlite, William Russell Doors and Jeld-Wen Glass. The acquisition of Aneeta continues an aggressive growth period for Jeld-Wen, which acquired Dooria, one of the largest door manufacturers in the Swedish and Norwegian markets. Dooria, headquartered in Oslo, Norway, has three door manufacturing locations in Sweden and employs approximately 200 people. Dooria is now part of JELD-WEN’s North European business unit, which has 17 sales and production units in seven countries
Jeld-Wen, now headquartered in Charlotte, NC (it moved from Portland, OR after being acquired by Onex Capital) has $3.5 billion in sales, about half of it in the U.S.
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