Woodgrain Inc., a milling and building products company, and JELD-WEN Holding, Inc. have entered into an asset purchase agreement to sell the Towanda, Pennsylvania, facility to Woodgrain. Woodgrain previously owned the Towanda plant from 2002 to 2012.
“The Towanda facility is a strategic acquisition for Woodgrain. The addition of molded door panel and exterior trim manufacturing fits perfectly with our business model and growth plan. Towanda has a great customer base that we know well, and we look forward to continuing to serve and grow our existing customers,” said Kelly Dame, CEO and President of Woodgrain.
“Woodgrain is proud to be the employer of choice in the communities we serve and we believe our employees are our greatest asset. We look forward to welcoming the skilled Towanda employees back into the Woodgrain family and plan to retain all current Towanda plant employees,” commented Brooks Dame, vice president of the Door Division.
Wells Fargo is acting as exclusive financial advisor to Woodgrain. Woodgrain's purchase of Towanda is expected to close as early as December 31, 2024.