PGT Innovations Announces Expansion Plans in Miami
April 21 2017 - 8:00AM
Business Wire
Facility Needed to Meet Growing Demand
PGT Innovations, Inc. announced today expansion plans for a new
330,000 sq. ft. manufacturing facility in Miami, Florida. The new
facility will enhance the Company’s manufacturing capabilities to
meet future expected growth of the impact-resistant window and door
market.
The Company currently has 182,000 sq. ft. of offices and
manufacturing space in Miami. The CGI brand will move its offices
and manufacturing facility into the new space which is located
approximately 12 miles from their current location. The new
facility is designed to produce the Company’s CGI branded products,
along with various other commercial and PGT aluminum products.
“This new facility demonstrates our commitment to make our
products in America and to serve our core market of Florida which
continues to be a positive environment for the growth of our
Company,” commented Jeff Jackson, President, PGT Innovations. “This
move also increases our manufacturing capabilities and enhances
operational efficiencies by combining parts of our production,
distribution and marketing efforts across all of our brands. We
believe this further enables our ability to grow and evolve to
better meet our customer’s needs, allowing us to provide
exceptional value along the way.”
The new building space will accommodate a multi-brand showroom,
offices, production, and distribution. The new space is slated to
be complete near the end of 2017 and is expected to be operational
by January 2018.
Jackson continues, “We were fortunate to find such a great space
so close to our current Miami facility. We really wanted to limit
the impact that relocation could have on our customers and our
employees. I don’t think we could have found a better location for
our team and look forward to becoming an integral part of this
community.”
About PGT Innovations
PGT Innovations, headquartered in North Venice, Florida with
over 2700 employees statewide, creates value through deep customer
relationships, understanding the unstated needs of an industry, a
drive to create the strongest, safest products on the market, and a
commitment to always moving forward. The Company's trusted brands
include CGI®, PGT® Custom Windows & Doors, and WinDoor®. PGT
Innovations is the nation’s largest manufacturer of
impact-resistant windows and doors, holds the leadership position
in its primary market, and is part of the S&P SmallCap 400
Index. For additional information, visit
www.pgtinnovations.com.
Forward-Looking
Statements
This press release may contain statements that constitute
“forward-looking statements” as defined under federal securities
laws of the United States. Generally, words such as “believe,”
“expect,” “intend,” “estimate,” “anticipate,” “project,” “will” and
similar expressions identify forward-looking statements, which are
not historical in nature. These forward looking statements relate
to, among other things: (i) the impact that our name change will
have on the Company’s profile, brand and performance; (ii) the
impact the listing of our common stock on the NYSE will have on the
Company’s profile, brand, and performance; and (iii) the outcome of
these and other changes the Company is making to expand its growth
opportunities and increase shareholder value. Forward-looking
statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from the Company’s
historical experience and our present expectations or projections.
These risks include, but are not limited to:
- Changes in new home starts and home
remodeling trends
- The economy in the United States
generally and in Florida, in particular, where the substantial
portion of our sales are generated
- Raw material prices, especially
aluminum and vinyl
- Transportation costs
- Our level of indebtedness
- Our dependence on our impact-resistant
product lines
- Our ability to successfully integrate
acquisitions, such as our acquisitions of CGI® Windows & Doors
Holdings, Inc. and WinDoor®, Inc.
- Product liability and warranty
claims
- Federal and state regulations,
- Our dependence on our manufacturing
facilities; and
- Other risks discussed in our Company’s
filings with the Securities and Exchange Commission, including our
Annual Report on Form 10-K for the year ended January 2, 2016 and
our subsequently filed quarterly reports on Form 10-Q, which are
available from the SEC.
You should not place undue reliance on forward looking
statements, which speak only as of the date they are made. The
Company does not undertake any obligation to update any
forward-looking statement to reflect the impact of subsequent
events or circumstances.
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version on businesswire.com: http://www.businesswire.com/news/home/20170421005165/en/
PGT InnovationsMedia Relations Contact:Danielle Mikesell,
941-480-1600Vice President, Marketing &
InnovationDMikesell@PGTInnovations.comorInvestor Relations
Contact:PGT InnovationsBrad West, 941-480-1600Chief Financial
OfficerBWest@PGTInnovations.com
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