Door and window manufacturer Jeld-Wen Holding Inc. is looking at an initial public offering that would put the value of the Charlotte, N.C.-based company at $4 billion, according to The Wall Street Journal.
The IPO could raise $600 million, WSJ reports, citing sources familiar with the deal.
Jeld-Wen makes interior and exterior doors and windows from wood, vinyl, aluminum, fiberglass and steel for residential and light commercial buildings. Products are sold in North America, Europe, Australia and Asia. Sales increased by 1 percent to $3.5 billion for the fiscal year ended Dec. 31. Gross profit went up to $667 million in 2014.
Jeld-Wen is owned by Onex Corp., a Canadian private equity firm. The company reportedly is working with Barclays PLC and Credit Suisse Group to settle on a price to offer potential investors.
Onex Group, an affiliate of Onex Corp., acquired a 58 percent ownership stake in Jeld-Wen for $700 million four years ago, according to a 2011 company news release. The business was founded in 1960 in Klamath Falls, Ore. It opened with 15 employees at one millwork plant and grew to 20,000 employees in 100 locations at the time of the acquisition.