Jeld-Wen, Charlotte, N.C., agreed to buy millwork distributor/producer American Building Supply, Sacramento, Ca., and completed the purchase of Australian manufacturer A&L Windows, at the same time it parted ways with president and CEO Mark Beck.
Beck departed after 27 months by mutual agreement with the company. Kirk S. Hachigian, chairman of the board and former CEO, will assume his duties while the board conducts a search for a new CEO.
Formed in 1985, American Building Supply distributes door, millwork and hardware products from centers in California, Nevada, Arizona, Washington, Georgia, Colorado, Texas and Hawaii. Its Doormerica division manufactures a range of decorative, specialty and architectural doors, including the Millennium Door series.
“The acquisition of ABS aligns perfectly with our strategy to expand our door capabilities with value-added services and customized full door systems,” said John Linker, senior VP. “With ABS’s capabilities in quick-ship customizable configurations, hardware options, and specialized component offerings, we will improve our service offerings and lead times for our channel partners.”
Additionally, Jeld-Wen closed on its acquisition of A&L, a leading Australian manufacturer of residential aluminum windows and patio doors, founded in 1980.