Jeld-Wen closing two window manufacturing facilities in North America

Jeld-Wen announced actions to simplify its North America windows operations by closing its Vista, California, and Hawkins, Wisconsin, manufacturing facilities. In connection with these site closures, the company expects to incur one-time costs of approximately $45M and generate annual pre-tax income improvements of at least $11M. The Vista, California, site has approximately 110 associates. Multiple market factors have made it prohibitive to competitively sustain the composite windows product line and it will be discontinued. As a result, Jeld-Wen plans to close the Vista composite windows facility. Jeld-Wen expects to incur one-time costs in 2024 of approximately $21M related to the Vista closure and after project completion, recognize an annual pre-tax income improvement of at least $4M. The Hawkins, Wisconsin, site employs approximately 340 associates. Jeld-Wen will consolidate production from Hawkins into its wood windows manufacturing facility in Rantoul, Illinois. One-time costs related to this site consolidation are estimated at approximately $24M, most of which should be incurred in 2024. Annual pre-tax income improvement, after completion of these activities, is expected to be at least $7M.