PGT’s $102 million deal opens new window of opportunity

PGT Inc. has agreed to buy WinDoor Inc. for $102 million, introducing a third brand to PGT’s portfolio and enhancing the company’s leadership position in the impact-resistant window and door industry.

PGT (NASDAQ: PGTI), based in North Venice, will pay cash for WinDoor, and has a commitment letter from Deutsche Bank AG, Deutsche Bank Securities, SunTrust Bank and SunTrust Robinson Humphrey to finance the deal, according to a filing with the U.S. Securities and Exchange Commission. The $310 million… …read more