Wincore Windows and Doors, headquartered in Parkersburg, West Virginia, has been acquired by Fernweh Group LLC and its affiliates. Fernweh has offices in New York and San Jose, California.
The release says the change will be seamless for customers, vendors and employees “as all employees and senior management remain with the company and will be supported by Fernweh’s operational partners to maximize the Wincore brand and product offerings.”
There are 485 people employed by Wincore in Wood County. The company, formed in 2007, also has operations in Swainsboro, Georgia.
Financial terms of the deal were not disclosed. Fernweh is an investment firm led by individuals with experience in the industrial and industrial technology sectors.
What stakeholders are saying
“This transaction provides us an opportunity to honor the efforts of those that founded Wincore 17 years ago,” says Wincore President Brian Standley. “Without their collective expertise and willingness to take a risk, Wincore would not be what it is today. In addition, it allows us and each of our dedicated employees to continue to provide our customers with great products and service. We are excited to partner with the team at Fernweh to make a great company even better in the coming years.”
“We are excited to partner with the talented management team at Wincore, whose vision and leadership have driven the company’s success to date,” says Fernweh Group CEO Nick Santhanam. “Together, we look forward to building on this strong foundation, expanding the business and unlocking its full potential in the years ahead.”
“They have reiterated their commitment to staying in Wood County, and we look forward to working with new equity firm that has acquired them,” says Lindsey Piersol, executive director of Wood County Economic Development.
