Masonite International to Acquire PGT Innovations in $3 Billion Deal; Miter Brands Makes Higher Unsolicited Offer
January 8, 2024
Masonite International has entered a definitive agreement to acquire PGT Innovations for an approximately $3 billion combination of cash and Masonite shares, valuing PGT at $41.00 per share. After the deal was announced, Miter Brands made an unsolicited all-cash proposal to acquire all outstanding shares of PGT for $41.50 per share, which PGT’s board said could reasonably be expected to lead to a superior proposal if improved on price and closing certainty.
- Buyers
- Masonite International Corp., Miter Brands
- Targets
- PGT Innovations, Inc.
- Industry
- Manufacturing
- Location
- Florida, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
MITER Brands Acquires PGT Innovations
March 28, 2024
Building Products
MITER Brands has completed the acquisition of PGT Innovations, a leading manufacturer of impact-resistant and technically advanced windows and doors. The deal was financed in part by an equity investment from an affiliate of Koch Equity Development (KED) and is intended to expand MITER Brands' product offerings, manufacturing capabilities, and market reach across the U.S.
-
MITER Brands Acquires PGT Innovations for $42.00 Per Share
March 28, 2024
Manufacturing
MITER Brands agreed to acquire all outstanding shares of PGT Innovations for $42.00 per share in cash, valuing the deal at approximately $3.1 billion. The transaction was financed in part by equity from an affiliate of Koch Equity Development and was completed after PGTI stockholder approval in March 2024.
-
Owens Corning Acquires Masonite for $3.9 Billion
February 9, 2024
Manufacturing
Owens Corning entered into a definitive agreement to acquire all outstanding shares of Masonite for $133.00 per share in cash, valuing the deal at approximately $3.9 billion. The purchase, expected to close in mid-2024 subject to approvals, is intended to strengthen Owens Corning’s position in residential building materials by adding Masonite’s doors business and related brands.
-
Masonite International Corporation Acquires Fleetwood Aluminum Products
October 19, 2023
Building Products
Masonite International Corporation's U.S. subsidiary acquired Fleetwood Aluminum Products, LLC for $285 million in cash. Fleetwood, a Corona, California–based manufacturer of premium aluminum-framed glass door and window systems with ~350 employees and a 200,000 sq. ft. facility, will operate as an independent business unit within Masonite's North American Residential segment and is expected to contribute approximately $150 million of incremental full-year revenue in 2024.
-
PGT Innovations Acquires Martin Door Holdings
October 17, 2022
Building Products
PGT Innovations, Inc. (PGT) acquired Martin Door Holdings, Inc. for approximately $185 million, expanding PGT’s product portfolio into premium overhead garage doors. Martin, headquartered in Salt Lake City, Utah, generated about $60 million of expected 2022 sales and ~173 employees; the acquisition is intended to broaden PGT’s Western U.S. footprint and create cross-selling and operational synergies.
-
PGT Innovations Acquires Anlin Windows & Doors
October 29, 2021
Manufacturing
PGT Innovations (NYSE: PGTI) signed an agreement to acquire Anlin Industries, also known as Anlin Windows & Doors, for approximately $126 million. The acquisition expands PGTI’s presence in the high-growth West Coast region and creates a more comprehensive vinyl and aluminum product platform under its Western Business Unit.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.