JELD-WEN Holding, Inc. designs, manufactures, and distributes interior and exterior doors, windows, and related building products, serving the construction and remodeling (R&R) sectors globally.
The JELD-WEN family of brands includes JELD-WEN worldwide; LaCantina and VPI in North America; and Swedoor, DANA, and Kellpex in Europe. The company's customers include wholesale distributors and retailers, as well as individual contractors and consumers.
The company has invested significant capital to...
JELD-WEN Holding, Inc. designs, manufactures, and distributes interior and exterior doors, windows, and related building products, serving the construction and remodeling (R&R) sectors globally.
The JELD-WEN family of brands includes JELD-WEN worldwide; LaCantina and VPI in North America; and Swedoor, DANA, and Kellpex in Europe. The company's customers include wholesale distributors and retailers, as well as individual contractors and consumers.
The company has invested significant capital to build a business platform. It operates several manufacturing and distribution facilities in multiple countries, located in North America and Europe.
Business Strategy
The company's strategy includes streamlining and simplifying the business, refining its product and brand strategies, rationalizing its global footprint, and strategically sourcing its raw materials; enhancing performance and improving profit margins through strategic pricing, cost-reduction, and productivity initiatives, such as implementing targeted quality improvement programs, right-sizing and consolidating its manufacturing network, investing in automation, and leveraging its scale to streamline sourcing; disciplined capital allocation and working capital management designed to maximize shareholder returns, cash flows, and return on invested capital in a balanced manner; and focused go-to-market growth strategies and innovations to support profitable organic revenue growth.
Products
The company provides a broad portfolio of interior and exterior doors, windows, and related building products manufactured from a variety of wood, metal, and composite materials offered across a full spectrum of price points. In the year ended December 31, 2024, the company's door sales accounted for 63% of net revenues, its window sales accounted for 20% of net revenues, and its other ancillary products and services accounted for 17% of net revenues.
Doors
The company is a global manufacturer of residential doors. It offers a full line of residential interior and exterior door products, including patio doors and folding or sliding wall systems. Its non-residential door product offering is concentrated in Europe, where it is a non-residential door provider by net revenues in Germany, Austria, Switzerland, and Scandinavia. It also offers non-residential doors across North America in certain markets. To meet the design, durability, and energy efficiency requirements of its customers, the company's product portfolio encompasses many types of materials, including wood veneer, composite wood, steel, glass, and fiberglass that satisfy a range of price points from entry-level to high-end. Its volume products include molded interior doors and door systems, which are made from two composite molded door skins joined by a wooden frame and filled with a hollow honey-cell core or other solid core materials. These value doors are a choice for interior residential applications in North America, France, and the U.K. In the U.S., it manufactures exterior doors primarily made from fiberglass and steel. It also manufactures stile and rail doors in its U.S. manufacturing facilities. In Europe, it also sells performance residential and non-residential doors, with features, such as soundproofing, fire resistance, radiation resistance, security, and in Scandinavia, it designs and manufactures doors. Additionally, the company offers profitable value-added distribution services for residential and non-residential products in all its markets, including customizable configuration services, specialized component options, and multiple finishing options. These services are valued by labor-constrained customers and allow the company to capture more profit from the sale of its door products. In the U.S., its acquisitions of ABS and MMI Door are examples of its focus on value-added services.
Windows
The company is a manufacturer of residential windows in North America. It manufactures a full line of residential wood and vinyl windows in North America. Its window product lines comprise a full range of styles, features, and energy-saving options to meet the varied needs of its customers in each of its regional end markets. For example, its high-performance wood and vinyl windows with multi-pane glazing and superior energy efficiency properties are in greater demand in Canada and the northern U.S. In addition, its value windows are popular with production builders and the remodel and replacement markets. In select coastal regions, the company offers impact windows. Its wood windows remain prevalent as a high-end option because they possess both insulating qualities and the beauty of natural wood. In North America, its wood windows and patio doors include its proprietary AuraLast treatment, which is a unique water-based wood protection process that provides protection against wood rot and decay. With the acquisition of LaCantina Doors, the company added LaCantina’s innovative folding, multi-slide, and swing patio doors and wall systems to its already robust windows product offering. It also offers a non-residential line of vinyl windows for a broad assortment of commercial applications. With the acquisition of VPI, it added vinyl windows for mid-rise, multi-family, institutional, hospitality, and commercial properties to its product lineup.
Other Ancillary Products and Services
In certain regions, the company sells a variety of other products that are ancillary to its door and window offerings, which it does not classify as door or window sales. These products include glass, hardware, and locks, and window screens. It also sells molded door skins to certain direct and indirect customers pursuant to long-term contracts, and these customers, in turn, use the molded door skins to manufacture interior doors and compete directly against the company in the marketplace. Miscellaneous installation and other services are also included in this category.
Segments
The company operates within the global market for residential and non-residential doors and windows, with sales spanning approximately 71 countries. While it operates globally, the markets for doors and windows are regionally distinct, with suppliers manufacturing finished goods in proximity to their customers. Finished doors and windows are generally bulky, expensive to ship, and, in the case of windows, fragile. Designs and specifications of doors and windows also vary from country to country due to differing construction methods, building codes, certification requirements, and consumer preferences. Customers also demand short delivery times.
The company's operations are managed and reported in two reportable segments, organized and managed principally in geographic regions: North America and Europe.
North America
In the company’s North America segment, the company competes primarily in the new construction and R&R market for residential doors and windows in the U.S. and Canada. It is the only manufacturer that offers a full line of interior and exterior door and window products, allowing it to offer a more complete solution to its customer base.
Europe
The European market for doors is fragmented, and the company has the only platform in the industry capable of serving nearly all European countries. In its Europe segment, it competes primarily in the market for residential and non-residential doors in Germany, the U.K., France, Austria, Switzerland, and Scandinavia.
Seasonality
In a typical year, the company's operating results are impacted by seasonality. Historically, the peak season for home construction and remodeling in its North America and Europe segments generally corresponds with the second and third calendar quarters (year ended December 31, 2024), and therefore its sales volume is generally higher during those quarters.
Sales and Marketing
The company actively markets and sells its products directly to its customers around the world through its global sales force and indirectly through its marketing and branding initiatives, which include its enhanced social media presence. Its global sales force, which is organized and managed regionally, focuses on building and maintaining relationships with key customers, as well as managing customer supply needs and arranging in-store promotional initiatives. In North America and Europe, it also has dedicated teams that focus on its retail customers.
The company has also made investments in North America to streamline and automate order management and continue to expand post-sales care through its virtual OnSite Applications and service scheduling. In Europe, it has launched new door configuration software in select countries, with plans to extend this launch to additional markets.
Customers
The company sells its products worldwide and has well-established relationships with numerous customers throughout the door and window distribution chain in each of its end markets, including retail home centers, wholesale distributors, and building product dealers that supply homebuilders, contractors, and consumers. Its wholesale customers include such industry players as ProBuild/Builders First Source, Saint-Gobain, and the Holzring group. Its home center customers include, among others, The Home Depot and Lowe’s Companies in North America, and B&Q, Howdens, and Bauhaus in Europe. The company has maintained relationships with the majority of its top ten customers for over 25 years. Its top ten customers together accounted for approximately 46% of its net revenues in the year ended December 31, 2024. The Home Depot, a customer of the company's North America segment, represents 16% of its consolidated net revenues during the year ended December 31, 2024. Lowe’s Companies, another customer of the company's North America segment, represents 12% of its consolidated net revenues during the year ended December 31, 2024.
Competition
For North American interior doors, the company's major competitors include Masonite (a division of Owens Corning), Steves & Sons, Inc., and several smaller independent door manufacturers. For North American exterior doors, competitors include Masonite (a division of Owens Corning), Therma-Tru (a division of Fortune Brands), Plastpro, and Steves & Sons, Inc. The North American window market is fragmented, with sizable competitors, including Andersen, Pella, Marvin, Ply-Gem (a division of Cornerstone Building Brands, formerly NCI Building Systems), and Milgard (a division of MI Windows and Doors). The door manufacturers that the company primarily competes with in its European markets include Huga, Prüm/Garant (a division of Arbonia Group), Viljandi, Masonite (a division of Owens Corning), Keyor, Herholz, and Hormann.
Intellectual Property
The company's U.S. window and door trademarks include JELD-WEN, AuraLast, LaCANTINA, MMI Door, Karona, ImpactGard, JW, Aurora, IWP, True BLU, ABSTM, Siteline, National Door, Low-Friction Glider, Hydrolock, VPITM, FINISHIELD, MILLENNIUM, TRUFIT, EPICVUE, and EVELIN. Its trademarks are either registered or have been used as common law trademarks by the company. The trademarks it uses outside the U.S. include the Swedoor, Dooria, DANA, MattioviTM, Zargag, Alupan, Domoferm, Kellpax, and HSE marks in Europe.
Environmental Regulatory Actions
The company has been subject to claims, including having been named as a potentially responsible party, in certain proceedings initiated pursuant to the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) and similar state and foreign laws, regulations, and statutes, and may be named a potentially responsible party in other similar proceedings in the future.
The company has been the subject of certain environmental regulatory actions by the U.S. Environmental Protection Agency (EPA) and state regulatory agencies in the U.S. and foreign governmental authorities in jurisdictions in which it operates and is obligated to make certain expenditures in settlement of those actions.
History
JELD-WEN Holding, Inc. was founded in 1960. The company was incorporated in 2016.
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