Onex completes Jeld-Wen takeover

Published 5:00 am Wednesday, October 5, 2011

PORTLAND — The Toronto private equity firm Onex completed the takeover Monday of Klamath Falls-based window- and door-maker Jeld Wen.

The Oregonian reports Onex gained a 58 percent stake in the company with an $871 million investment it hopes will revive the business that was battered in the housing market crash.

The deal ends family control of Jeld-Wen. The son of co-founder Dick Wendt, Rod Wendt remains chief executive. An Onex official, Philip Orsino, is company president.

Jeld-Wen has about 20,000 employees in 22 countries, including 2,500 in Oregon.