American door and window manufacturer: PGT Innovations, Inc. (PGTI)

PGT Innovations, Inc. (NYSE: PGTI) was founded in 1980, formerly known as PGT, Inc., and changed its current name in December 2016. Headquartered in North Venice, Florida, it has 5300 full-time employees. Together with its subsidiaries, it produces and supplies impact resistant aluminum doors and windows in the United States and internationally.

The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/pgti.html

PGT Innovations, Inc. (PGTI)

PGTI manufactures and supplies high-end windows, doors and garage doors. Its highly engineered and technologically advanced products can withstand some of the worst weather conditions on earth, and change people's lifestyle by unifying indoor and outdoor living spaces. PGTI creates value through in-depth customer relations, understanding the unspoken needs of the market it serves, and developing the driving force of products in defined categories. PGTI brand series includes CGI ®、 PGT ® Custom Windows and Doors、WinDoor ®、 Western Window Systems、Anlin Windows & Doors、Eze-Breeze ®、 Eco Window Systems, NewSouth Window Solutions and Martin Door. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/pgti.html

PGT Innovations, Inc. provides heavy-duty aluminum or vinyl frames with laminated glass to prevent hurricanes and wind borne debris; And non impact resistant vinyl windows with insulating glass and a multi compartment frame, suitable for all climatic areas. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/pgti.html

PGT Innovations, Inc. also provides customizable non impact resistant aluminum frame doors and windows; Non glass vertical and horizontal sliding panels for the porch enclosure, including vinyl glass aluminum frame products for enclosing and shielding the porch to prevent adverse weather. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/pgti.html

In addition, PGT Innovations provides high-quality aluminum impact resistant products; Aluminum impact resistant doors and windows; Vinyl joint can resist impact of windows; And commercial storefront window systems and entrance doors. In addition, PGT Innovations also provides impact and non impact sliding glass doors and balcony doors; Fixed, single hung, horizontal rolling window; Aluminum heat broken doors and windows; Docking and operating windows; Sliding door, folding door and hinged door; And moving glass walls and windows. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/pgti.html

PGT Innovations, Inc. (PGTI) History Encyclopedia

PGT Innovations has grown through a series of products, such as Eze Breeze ® And PGT ® Custom Windows + Doors； CGI in 2015 ®； WinDoor in 2016 ®； Western Window Systems and CGI Commercial in 2018; NewSouth Window Systems in 2020; Eco Window Systems and Anlin Windows&Doors in 2021. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/pgti.html

PGT Innovations provides products of PGT, CGI, WinDoor, Western Window Systems, NewSouth, Eco Window Systems and Anlin brands. It provides services to window dealers, building supply dealers, window replacement dealers and shell contractors. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/pgti.html

On October 17, 2022, PGT Innovations (NYSE: PGTI) acquired Martin Door at a price of about $185 million. Martin is a garage door manufacturer headquartered in Salt Lake City, Utah. Martin will operate under the Western Division of PGT Innovations. Scott Huntsman, Martin's CEO, will remain in the company and serve as President of Martin Doors. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/pgti.html

On June 5, 2023, PGT Innovations (PGTI) announced that it had acquired the remaining 25% equity of Eco Enterprises. PGT Innovations acquired 75% equity of Eco for the first time in 2021 to accelerate revenue growth, expand profits and strengthen the supply chain by increasing glass production capacity, while diversifying and strengthening product lines to provide opportunities in the residential and commercial markets. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/pgti.html

On October 9, 2023, Reuters reported that PGT Innovations Inc (PGTI. N), an American manufacturer of vinyl and aluminum doors and windows, refused Koch Industries The US $1.9 billion acquisition offer made by Mitre Brands, a competitor supported by the company. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/pgti.html

On December 13, 2023, PGT Innovations (NYSE: PGTI) rejected the acquisition offer of Mitre Brands, a company founded by Koch Industries Supported competitive manufacturers of doors and windows.

On December 18, 2023, manufacturers and distributors of indoor and outdoor doors and advanced door systems Masonite (NYSE: DOOR) said that it would purchase PGT Innovations (NYSE: PGTI) with a cash and stock transaction of US $3 billion.

On January 2, 2024, PGT Innovations (PGTI) announced that it had received Mitre Brands' unsolicited proposal to acquire all the issued shares of PGT Innovations' common stock in cash at $41.50 per share.

On January 8, 2024, PGT Innovations (NYSE: Masonite (NYSE: DOOR), the company will discuss its cash offer of $41.50 per share with Mitre Brands.

On January 17, 2024, after the price was higher than that of Masonite, MITRE Brands, a national manufacturer of precision doors and windows ™ And PGT Innovations Inc., a manufacturer of high-quality doors and windows, today announced that the two parties had signed a final merger agreement, and MITRE purchased all outstanding shares of PGTI at a cash price of US $42.00 per share (with a total price of about US $3.1 billion). The acquisition price is 60% higher than the closing price on October 9, 2023 (the last trading day not affected by the acquisition news). The merger agreement has been unanimously approved by the boards of directors of the two companies. Part of the capital for this transaction will come from the equity investment of KochEquity Development LLC, which is Koch Industries, Inc. The main investment and acquisition department of MITRE is also the current investor of MITRE.

On March 18, 2024, PGT Innovations, Inc. (PGTI) announced that its shareholders had voted to approve the final merger agreement with MIWD Holding Company LLC. MITRE Brands will purchase all outstanding shares of PGTI's common stock for cash of $42.00 per share. After the completion of the transaction, PGTI will become a private holding company and its ordinary shares will no longer be listed on any public market.

MITRE Brands, founded in 1947, is a manufacturer of residential doors and windows. It produces brand combinations of doors and windows for new construction and replacement fields in the way of owner management and family priority. MITRE Brands is a combination of two rapidly developing regional product brands: MI Windows and Doors and Milgard Windows and Doors. It is a national supplier of precision manufacturing and energy-saving products, and has more than 10 manufacturing plants across the United States. MITRE Brands instills confidence and promotes a quality customer experience by optimizing manufacturing, valuing relationships and dedicated team members.

PGT Innovations, Inc. (PGTI) US equity investment

In March 2024, MITRE Brands completed the acquisition of PGT Innovations, Inc Delisting 。