MITER Brands to Acquire PGT Innovations for $3.1 billion / $42.00 Per Share in Cash /
MITER Brands, a nationwide manufacturer of precision-built windows and doors, is strategically aligning with PGT Innovations, a premium manufacturer in the same domain. This merger is not just a financial transaction; it's a union of expertise, innovation, and a shared commitment to setting new standards in the industry.
As MITER Brands expands its reach through the acquisition of PGT Innovations, the global impact on precision craftsmanship is significant
Jeffrey T. Jackson, PGTI President and Chief Executive Officer, said, “We are thrilled to have reached an agreement with MITER that maximizes value for PGTI shareholders. Since PGTI’s founding over 40 years ago, we have delivered profitable growth and created significant shareholder value by serving our customers with the high-quality window and door solutions they need. In MITER, we have found a strong partner that shares our commitment to safety, quality, and innovation. We are excited to join forces with the MITER team.”
"Koch Equity Development is excited to support the DeSoto family along with the entire MITER Brands team in building the most valued window and door brand in America with our third equity investment since 2019," said Richard Hunt, Managing Director at Koch Equity Development. "We are confident that MITER’s acquisition of PGTI will result in long-term value creation for all of MITER’s stakeholders and constituencies."
#MITERPGTMerger , #PrecisionCraftsmanship , #mergersandacquisitions , #InnovationInDoorsAndWindows , #Market , #Acquisition , #investments , #collaboration , #Partnership #Businessnews
https://lnkd.in/eg6jRvtq
We spotted communication about the annual report on: https://www.cleantotaal.nl/nieuws/vebego-jaarverslag-op-koers-naar-toekomstbestendige-organisatie/