PGT Innovations' Venice headquarters

PGT Innovations' Venice headquarters

PGT Innovations, Inc. (NYSE: PGTI), the Venice-based manufacturer of windows and doors, has announced it has signed a definitive agreement to acquire a 75 percent ownership stake in Eco Window Systems and its related companies (collectively, “Eco”) for a purchase price of $108 million, subject to closing adjustments. Eco, which locally produces 100 percent of its own glass locally, is a manufacturer and installer of aluminum, impact-resistant windows and doors serving the South Florida region. The purchase price of $108 million is comprised of $100 million cash and $8 million of PGT Innovations common stock. PGT Innovations retains an exclusive option to buy the remaining 25 percent of Eco beginning on the second anniversary of the closing of its purchase of its 75 percent ownership stake.

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