PGT Innovations, Inc. (NYSE:PGTI) a national leader in the premium window and door category, today announced that it has completed its acquisition of NewSouth Window Solutions.
“We are pleased to formally welcome NewSouth into our family of brands,” said Jeff Jackson, President and Chief Executive Officer of PGT Innovations. “With the completion of this acquisition, we believe PGT Innovations has taken an important step in enhancing our go-to-market strategy and has done so with a strong brand that leads in the direct-to-consumer channel. We look forward to implementing our geographic expansion plans for NewSouth Window Solutions and expanding the presence of PGT Innovations in areas outside of our core markets.”
“Our entire team at NewSouth is incredibly proud to be joining the PGT Innovations family,” said Earl Rahn, President and Co-Founder of NewSouth Window Solutions. “NewSouth Window Solutions has a history of strong growth demonstrated by nine factory showroom openings in eight years. Now, backed by the experience and industry leadership of PGT Innovations, we believe our coastal growth strategy outside of Florida can accelerate at an even more rapid pace.”
About PGT Innovations, Inc.
PGT Innovations manufactures and supplies premium windows and doors. Its highly-engineered and technically-advanced products can withstand some of the toughest weather conditions on earth and unify indoor/outdoor living spaces.
PGT Innovations creates value through deep customer relationships, understanding the unstated needs of the markets it serves and a drive to develop category-defining products. PGT Innovations is also the nation’s largest manufacturer of impact-resistant windows and doors, holds the leadership position in its primary markets, and is part of the S&P SmallCap 400 Index.
The PGT Innovations’ family of brands include CGI®, PGT® Custom Windows & Doors, WinDoor®, Western Window Systems®, CGI Commercial® and Eze-Breeze®. The Company’s brands, in their respective markets, are a preferred choice of architects, builders, and homeowners throughout North America and the Caribbean. The Company’s high-quality products are available in custom and standard sizes with multiple dimensions that allow for greater design possibilities in residential, multi-family, and commercial projects. For additional information, visit www.pgtinnovations.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meanings of the federal securities laws. Forward looking statements are statements other than historical fact, and involve risks and uncertainties which could cause actual results to differ materially from those contained in the forward-looking statements. Such forward-looking statements generally can be identified by the use of forward-looking terminology, such as “expected,” “expect,” “planned,” “opportunity,” “enable,” “anticipated” “should,” “believe,” “may,” “forecasted,” “guidance,” “intend,” “believe” and similar terminology. These risks and uncertainties include factors such as:
Statements in this press release that are forward-looking statements include, without limitation, our expectations regarding: (1) the impact of the NewSouth acquisition on our go-to-market strategy; and (2) NewSouth’s coastal growth strategy outside the state of Florida, including the pace of that growth. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as required by law, the Company undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances from the date of this press release.
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