Jeld-Wen acquires a Finnish door manufacturer
Jeld-Wen Holding, Inc. has acquired Mattiovi Oy, a Finnish manufacturer of interior doors and door frames.
Mattiovi has been providing high-quality products to dealers and homebuilders in Finland and other countries in the region since 1911.
“The acquisition of Mattiovi strengthens our market position in the Nordic region and enhances our unique pan-European strategy,” said Mark Beck, president and chief executive officer. “We welcome Mattiovi into the Jeld-Wen family and look forward to combining our joint product offerings and operational capabilities to better serve our broad and diverse customer base.”
Mattiovi is Jeld-Wen’s seventh acquisition in the last two years, and the second in Europe during that period.
Terms of the acquisition were not disclosed, but Jeld-Wen expects the acquisition to be accretive to EPS in 2018.
