JELD-WEN was founded by Richard "Dick" Wendt, an entrepreneur at heart, who learned the art of managing a manufacturing company under the tutelage of his father, Caradco executive Lester Wendt. In 1957, Iowa-based Caradco sent Dick to Oregon to help run the company's millwork plant in Klamath Falls. Caradco decided to sell the plant at auction. Dick and four business partners, Larry Wetter, John Biehn, Gerry Wickersham, and Bill Taylor bought many of the assets on October 25, 1960 and named the new company JELD-WEN.
The name JELD-WEN had already been in use for a number of years by the Wendt family; in the 1930s Lester Wendt bought a small farm outside of Dubuque, Iowa, as a family retreat. After holding a family contest to name the farm, Dick's cousin Jeanette Coughlin thought of the name JELD-WEN, an acronym for the names of Dick's immediate family, and a shortened version of Wendt.
With just 15 employees, JELD-WEN quickly gained the reputation of producing a reliable product. After just two years, JELD-WEN became successful enough to begin acquiring new manufacturing facilities and expand its product offering.