Jeld-Wen to acquire millwork manufacturer
Jeld-Wen, a leading global manufacturer of doors, door facings, windows and related components, has entered into a letter of intent to acquire Craftmaster Manufacturing, Inc. (CMI). The purchase price was not disclosed, and the deal is expected to close in the third quarter of 2012.
CMI, based in Chicago, is a manufacturer of CraftMaster molded door facings and doors, MiraTEC exterior composite trim and Extira exterior composite panels, with its principal manufacturing facility in Towanda, Pa. The acquisition will expand Jeld-Wen’s manufacturing footprint in the U.S., give the Klamath Falls, Ore., firm access to new and proprietary technology, and increase its focus on environmentally-friendly wood composite exterior products.
“Jeld-Wen is excited to add the entire line of CMI products — door facings, doors, trim and panels — and to further invest in the manufacturing, marketing and merchandising of products under the CraftMaster brand,” said Jim Morrison, executive VP Jeld-Wen, in the announcement. “CMI’s existing management team, led by Bob Merrill, will remain in place to realize efficiencies that will benefit CMI’s existing customers in all product lines. Such efficiencies include expanded molded door facing designs under both the Jeld-Wen and CraftMaster brand names, broader footprint of molded door facing facilities in strategic locations around the U.S. to better serve our customers, and a more responsive and safer supply chain.”
Weyerhaeuser names new board member
Federal Way, Wash.-based Weyerhaeuser Co. announced that Doyle Simons, 48, will join its board of directors, effective June 29.
Simons’ appointment follows the departure of Arnold Langbo, who retired from Weyerhaeuser’s board in 2011.
"Doyle has extensive knowledge of the forest industry and the business segments in which Weyerhaeuser operates," said Chuck Williamson, chairman of Weyerhaeuser’s board of directors. "I’m excited about the insight and skills he will bring to the board."
Simons served as CEO and chairman of Temple-Inland from 2008 until February 2012 when it was acquired by International Paper Co. Prior to that role, he held a number of senior management positions with Temple-Inland. He joined the company in 1992.
Zeeland Lumber promotes Dykstra to CEO
Zeeland, Mich.-based Zeeland Lumber, part of the Zeeland Holdings group of companies, named Mike Dykstra as the new CEO, replacing Herk VandenBosch as part of an orderly transition.
Dykstra previously held the title of president.
In a letter to Zeeland customers, Zeeland chairperson Mary Tabin said: “Mike has demonstrated he can choose the right leaders and investments that are driving our long-run success. When we match these circumstances with the signs that the regional economy is starting to gain some momentum, we feel that the board and employee team need to turn their complete focus to the market opportunity."
The pro dealer’s transition is the culmination of two-year plan to allow VandenBosch to slowly exit from day-to-day duties and reduce working hours. VandenBosch will continue as a board member and also continue working as executive VP business development.
Zeeland Lumber was the 2006 Home Channel News Independent Pro Dealer of the Year.