Platinum Equity Acquires JELD-WEN Australasia (Ventora Group) for $461M
July 2, 2023
Platinum Equity completed the $461 million acquisition of JELD-WEN's Australasia windows, doors and related building products business in July 2023. The carve-out (rebranded Ventora Group) operates ~41 manufacturing sites across Australia, Malaysia and Indonesia, employs roughly 5,000 people, and will be run by Scott Kelly as CEO while Platinum invests in capacity, automation and IT improvements to capitalize on rising energy-efficiency demand.
- Buyers
- Platinum Equity
- Targets
- JELD-WEN Australasia (Ventora Group)
- Sellers
- JELD-WEN Holding, Inc.
- Industry
- Building Products
- Location
- New South Wales, Australia
- Transaction Type
- Divestiture
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