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Jan 9, 2024

Masonite to acquire PGT Innovations

Masonite International Corporation, a global designer, manufacturer, marketer, and distributor of interior and exterior doors and premium door systems, plans to acquire PGT Innovations, Inc., a designer and manufacturer of patio door and premium window solutions. The addition of PGT Innovations provides Masonite with complementary product offerings in adjacent categories, attractive geographies, expanded routes to market, and cross-selling opportunities, enhanced engineering and manufacturing capabilities, as well as a significantly stronger growth and financial profile. The acquisition is expected to deliver meaningful earnings per share (EPS) accretion and significant synergies with minimal investment required to integrate the two businesses. 

The transaction is expected to close in mid-2024.  

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