![]() There is still no further word about the possibility that the window maker may apply for an IPO. Terms of the acquisition were not disclosed. “Moreover, the country’s population is expected to increase by 19.4 percent, between 20, thus creating demand for new residential buildings.” “Projections from the UN Department of Economic and Social Affairs show that as a percentage of the total population, the country’s urban population is expected to increase from 79.1 percent in 2010 to 83.9 percent in 2030,” says Danny Richards, an economist at Timetric’s Construction Intelligence Center. For further information, feel free to join the Dooria Discord channel and ask your questions. The acquisition comes at an opportune time for the residential construction industry in Norway. “We welcome Dooria into the JELD-WEN family and look forward to leveraging our combined operations to strengthen our commitment to customers in the Scandinavian region.” “This acquisition is aligned with our mission to grow and expand our door and window manufacturing capabilities in Europe,” said Kirk Hachigian, JELD-WEN president and chief executive officer, in a statement. The location will become part of Jeld-Wen’s North European business unit, which has 17 sales and production units in seven countries and adds to the more than $ 1 billion business that the company has in Europe today, according to a company release. The 68-year-old company has three manufacturing locations in Sweden and employs approximately 200 people. Dooria Kungster AB - Manufacture of prefabricated wooden buildings Manufacture of wooden doors Manufacture of wooden windows Manufacture of other. ![]() ![]() In the middle of talk about a potential initial public offering (IPO), Charlotte, N.C.-based Jeld-Wen is expanding on its own, acquiring Oslo, Norway-based Dooria AS, one of the largest manufacturers of wooden doors in Scandinavia.ĭooria is a major provider of residential and commercial doors in the Swedish and Norwegian markets. ![]()
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