- Oregon-based Jeld-Wen said it has signed a letter of intent to buy Chicago-based Craftmaster Manufacturing, Inc. (CMI).
- Both companies' brands will remain in the market, and CMI's management is to remain in place. Neither side disclosed the price, but they said they hope to close the deal in the third quarter.
- Jeld-Wen says CMI customers will get more options in the doors, facings, trims and panels product line, and Jeld-Wen will bring its competitive muscle "derived from greater capacity utilization and scale."
From the article: Jeld-Wen announced last week that it has entered into a letter of intent to acquire Craftmaster Manufacturing, Inc. (CMI).
