Woodgrain Inc. and JELD-WEN Holding, Inc. have entered into an asset purchase agreement for the sale of the Towanda, Pennsylvania, plant to Woodgrain. Woodgrain previously held an ownership position in the Towanda facility from 2002-2012.

“The Towanda plant is a strategic acquisition for Woodgrain,” said Kelly Dame, CEO and president of Woodgrain. “The addition of molded door skin and exterior trim manufacturing fits perfectly within our business model and growth plan. Towanda has a great customer base whom we know well, and we look forward to continuing to service and grow share with existing customers.”

“Woodgrain takes pride in being the employer of choice in the communities we operate, and we believe that our people are our greatest asset,” commented Brooks Dame, vice president of Woodgrain’s door division. “We look forward to adding the skilled Towanda associates back to the Woodgrain family and plan to maintain all the current employees of the Towanda plant.”

Wells Fargo is serving as the exclusive financial advisor to Woodgrain. The Woodgrain purchase of Towanda is expected to close as early as Dec. 31.