Onex Completes Sale Of Remaining Jeld-Wen Shares

Onex Corporation, the Onex Partners III fund, and other co-investors have completed the sale of their 14.9 million shares of Jeld-Wen Holding Inc., a distributor of interior and exterior doors, wood, vinyl and aluminum windows, wall systems, shower enclosures, and closet systems. Onex invested $871 million for a 39 per cent stake in the company in 2011 and took the company public in 2017. It will now receive approximately US$425 million for 14,883,094 shares. Jeld-Wen says it plans to purchase $200 million (roughly half) of the shares that are the subject of the offering.