JELD-WEN Holding, Inc. (NYSE:JELD) announced that it has initiated a comprehensive review of strategic alternatives for its Australasia business. The Australasia business is the leading Australian designer, manufacturer and distributor of windows and doors. It employs roughly 5,000 people and is comprised of 41 manufacturing locations across Australia, Malaysia and Indonesia.

Its notable brands include Corinthian, Stegbar and Breezway, among many others. No assurances can be given regarding the outcome or timing of the review, but JELD-WEN plans to conduct this process expeditiously. The company does not intend to make any further comment unless and until it determines that further disclosure is material and appropriate for disclosure or as may be required by law.

JELD-WEN has retained Macquarie Capital (USA) Inc. as financial advisor and Herbert Smith Freehills as legal advisor to assist with the strategic review of the Australasia business.