Posts Tagged ‘ Russell Tiejema ’

PGTI Buyout Turns to Saga as Board Weighs Another Deal

Jan 3rd, 2024

A string of offers has turned a deal to acquire Venice, Fla.-based PGT Innovations Inc. (PGTI) into a saga, after an old suitor returned with a bigger check in hand. In October 2023, Miter Brands (MI Windows and Doors, Milgard Windows and Doors) tendered an offer for $1.9 billion, at $33 per share. When PGTI […]

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’s Q2 Net Sales Decline; Sees ‘Great’ Future Potential

Aug 17th, 2023

Masonite International Corp. reports that net sales declined by 3% year-over-year in the second quarter of 2023 (2Q23). Masonite CFO and executive vice president Russell Tiejema says the decline was expected, as resiliency in the market for new housing was offset by a weaker demand for repairs and remodels. Financial data indicates that the Tampa-based […]