US JELD-WEN Holding acquires Finnish Mattiovi Oy

JELD-WEN Holding Inc has announced the acquisition of Mattiovi Oy, a leading Finnish manufacturer of interior doors and door frames. Founded in 1911, Mattiovi has a long tradition of providing high-quality products to dealers and homebuilders in Finland and other countries in the region. Mattiovi was privately held by Taaleri Ovitehdas Ky, Taaleri Sijoitus Oy, and management. Terms of the acquisition were not disclosed.
“The acquisition of Mattiovi strengthens our market position in the Nordic region and enhances our unique pan-European strategy,” said Mark Beck, president and chief executive officer. “We welcome Mattiovi into the JELD-WEN family and look forward to combining our joint product offerings and operational capabilities to better serve our broad and diverse customer base.”
Mattiovi is JELD-WEN’s seventh acquisition in the last two years, and the second in Europe during that period. JELD-WEN expects the acquisition to be accretive to EPS in 2018.
JELD-WEN, founded in 1960, is one of the world’s largest door and window manufacturers, operating 115 manufacturing facilities in 19 countries located primarily in North America, Europe and Australia. Headquartered in Charlotte, North Carolina, JELD-WEN designs, produces and distributes an extensive range of interior and exterior doors, wood, vinyl and aluminum windows and related products for use in the new construction and repair and remodeling of residential homes and non-residential buildings. JELD-WEN is a recognized leader in manufacturing energy-efficient products and has been an ENERGY STAR® Partner since 1998.