FOREST GROVE, Ore. – Woodfold Manufacturing has acquired the intellectual property rights and key equipment of Panelfold Inc.'s accordion door line. Terms of the acquisition were not disclosed.

Woodfold, which also manufactures accordion doors, said the product line acquisition "will bring synergy and natural line expansion," to its current range of products. Woodfold's product line includes custom accordion doors, luxury hardwood window shutters and hardwood roll-up (coiling) doors.

"It is anticipated that once the necessary adjustments to manufacturing have been accomplished at the Woodfold plant in Forest Grove, Oregon, then full-scale production of the most popular and viable lines will commence under the Woodfold brand name," the company said.

An ESOP company, Woodfold has been manufacturing door and window components to the commercial and residential markets since 1957.

Founded in 1953 and based in Florida, Panelfold had supplied accordion doors and operable walls into a range of markets across North America. The company filed a WARN notice in September and ceased manufacturing in early November.