Charlotte-based Jeld-Wen, a manufacturer of doors and windows, has been on a buying spree: On Thursday, the company announced its third acquisition in a month.
The privately held company bought Karona, a Michigan-based specialty door manufacturer, for an undisclosed sum. Jeld-Wen operates in more than 20 countries, and its annual revenue tops $3.5 billion. The Wall Street Journal reported last month that Jeld-Wen is planning for a possible initial public offering, citing sources familiar with the deal.
“Innovation and expanding our market leadership position are top priorities for us, very much in alignment with our mission to offer the most complete depth and breadth of product in the industry,” said Lennie Rhoades, Jeld-Wen senior vice president of doors, in a statement. “The acquisition of Karona is an excellent fit and increases our capabilities and product offerings.”
The company also recently bought Dooria, which sells wooden doors in Sweden and Norway, and Aneeta, an Australian window manufacturer.