Duff & Phelps Advised CraftMaster on its Sale to JELD-WEN, Inc.
CraftMaster Manufacturing, Inc., a leading manufacturer of molded door facings, doors and exterior composites in North America, was acquired by JELD-WEN, Inc., one of the world’s leading manufacturers of windows and doors, on October 24, 2012.
Founded in 2001, CraftMaster manufactures and sells door facings to independent door manufacturers and assembles finished doors, which are sold to distributors and dealers. CraftMaster also manufactures the innovative MiraTEC and Extira exterior composite trim and panel product lines.
JELD-WEN, a portfolio company of Toronto-based private equity firm Onex Corporation, is one of the world’s leading manufacturers of windows and doors. JELD-WEN has 20,000 employees across more than 100 locations in the Americas, Europe, Asia and Australia.
Role of Duff & Phelps
Duff & Phelps was engaged by CraftMaster to serve as its exclusive financial advisor in connection with the sale of the Company. Duff & Phelps performed extensive pre-marketing diligence to understand the business and develop an appropriate positioning strategy, then utilized its sector expertise and knowledge of the buyer universe to assemble a list of potential buyers with strategic assets in the industry and worked closely with CraftMaster’s management and shareholders to develop and execute a sale process that could maximize the value of the Company.