World News: 13:00 GMT Friday 21st April 2017. [PGT Innovations, Inc. via Businesswire via SPi World News]
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.
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:
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.
Business Wire: 13:00 GMT Friday 21st April 2017
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