PGT Finalizes CGI Windows and Doors Acquisition

September 23rd, 2014 by Editor

PGT, Inc. will expand its reach into the impact-resistant fenestration industry with its completed acquisition of CGI Windows and Doors Holdings, Inc (CGI). The transaction, valued at approximately $111 million, is consistent with PGT’s plan to grow strategically while contributing to earnings growth through targeted acquisitions of complementary specialty products.

“Today we welcome the entire CGI team to our family and couldn’t be more pleased to begin our journey together. We also want to welcome the valued CGI customers and thank them for their continued support and partnership,” says Jeff Jackson, president and chief operating officer of PGT Industries. “The capabilities and assets the talented CGI team brings will allow us to advance our collective leadership position in the industry.”

According to the press release, the acquisition is expected to strengthen the company’s ability to compete against national suppliers, create synergies by maximizing efficiencies and scale including purchasing and logistics and broaden the company’s manufacturing footprint and capabilities.

With the completion of the transaction, Jeff Jackson will become the president and chief operations officer of both PGT and CGI. Steven Dawson will continue with CGI in the expanded role of vice president and general manager. Jorge Santaella will continue to be responsible for operations as director of manufacturing.

“Our team is thrilled to join the PGT family, and I am honored to continue with CGI in my new role,” Dawson says. “With the additional resources and support, CGI will be even better placed to serve our customers while leading as an innovator in product craftsmanship, strength and style.”

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