Posts Tagged ‘ PGT Innovations (PGTI) ’

Miter Brands Completes Acquisition of PGT Innovations

Mar 28th, 2024

Miter Brands, parent company to MI Windows and Doors and Milgard Windows and Doors, announced today the successful completion of its acquisition of PGT Innovations (PGTI).

Industry Leaders Share Insights on Innovation at FGIA Annual Conference

Feb 21st, 2024

The Fenestration and Glazing Industry Alliance (FGIA) 2024 Annual Conference kicked off Monday at the Omni Amelia Island Resort near Jacksonville, Florida. The three-day event brings together industry experts to discuss various glass- and glazing-specific topics. These include innovations in the window industry, diversity, sealants, sustainability, technology, weathering, insulating glass, and more. The conference aims […]

Krypton is Poised for a Comeback

Feb 15th, 2024

Krypton gas has been taking a hit in the fenestration market over the last several years. Years ago, it was selling for as high as $1.50 per liter and window companies were paying that price. I know that to be true because at the time, I was selling it as an independent agent. But despite […]

A Look Back: DWM’s Top Stories of 2023

Dec 28th, 2023

As the year wraps up, [DWM] takes a look back at the year and tallies our top stories over the last 12 months. At the top of the list is a lawsuit involving a big name in the business, but facility closures and acquisitions collectively dominated the list. Readers kept the list pretty well-rounded, with […]

Execs Answer Key Questions About the Masonite/PGTI Deal

Dec 21st, 2023

– Is the acquisition a culmination of long-term plans? – Will Masonite become a window company? – Will the company expand PGTI’s direct-to-consumer model? – What about PGTI’s new endeavor: Diamond Glass? – What happens with PGTI’s brands? Masonite announced this week it will acquire North Venice, Fla.-based PGT Innovations (PGTI). The $3 billion deal […]

Masonite Tops Miter Brands to Acquire PGT Innovations

Dec 18th, 2023

Masonite edged out Miter Brands this week, as both companies jockeyed to acquire North Venice, Fla.-based PGT Innovations (PGTI). Masonite’s deal to acquire PGTI follows two rejected offers by Miter, including a $2.2 billion offer last week, Reuters reported. Masonite will acquire PGTI for a combination of cash and shares valued at $3.0 billion. Howard Heckes […]

Despite Low Builder Confidence, Door and Window Companies See Better Months Ahead

Nov 22nd, 2023

Rising mortgage rates, elevated construction costs and limited inventory have pushed housing affordability to its lowest point in more than a decade, the National Association of Home Builders (NAHB) reported. According to the NAHB/Wells Fargo Housing Opportunity Index (HOI), just 37.4% of new and existing homes sold between the beginning of July and end of […]

Third-Quarter Results Show Challenges for Door and Window Companies

Nov 13th, 2023

Publicly traded door and window companies released their third-quarter financial results in recent weeks, showing mixed outcomes across net sales and income. PGT Innovations (PGTI) represented a bright spot, showing a year-over-year increase in net sales of 4% at $400 million. PGTI’s success comes as the company returned nearly $30 million of capital to its […]

PGTI Unveils New Glass Company Based in Virginia

Nov 6th, 2023

PGT Innovations (PGTI) has unveiled a new glass company, Triple Diamond Glass (TDG), which officials say will focus on energy efficiency, security and sound abatement applications. According to Virginia Business magazine, the $54.3 million investment will convert a former Rolls-Royce facility into a 291,000-square-foot facility in Prince George, Va. PGTI officials say TDG will initially […]

Pathway to PGTI Program Signs First Hire

Sep 14th, 2023

PGT Innovations (PGTI) recently announced the first hire from its Pathway to PGTI program. The company says it welcomed Andrew Clark, a Venice High School alumnus, into its four-year apprenticeship program in the Tool and Die department at the company’s Venice facility. Clark is the first person to be hired directly from the program, which […]