PGT Innovations takes full ownership of Eco Enterprises
PGT Innovations, a US-based manufacturer of windows, doors, and garage doors, has completed the acquisition of the remaining outstanding 25% ownership interest in Eco Enterprises.
Eco Enterprises is a brand of aluminum, impact-resistant windows, and doors, primarily catering to the South Florida region. The company operates manufacturing and glass processing facilities in Miami, Florida.
This acquisition marks a significant milestone for PGT Innovations, as it solidifies its position as a leading player in the window and door industry. The company initially acquired a 75% ownership stake in Eco Enterprises back in 2021 for $108 million, aiming to accelerate its revenue growth, expand profit margins, and strengthen its supply chain.
By integrating Eco Enterprises’ glass production capacity into its operations, PGT Innovations successfully diversified and enhanced its product lines, thereby creating new opportunities in both residential and commercial markets.
PGT Innovations has been steadfastly committed to its strategy of expanding its family of brands, revamping its manufacturing operations, and expanding into desirable markets and geographies. In recent years, the company has undertaken several strategic acquisitions, including Western Window Systems, Anlin Windows & Doors, NewSouth Window Solutions, and Martin Door.
By fully acquiring Eco Enterprises, PGT Innovations now has complete control over the brand’s operations, enabling it to further streamline its manufacturing processes and enhance efficiency. Moreover, the acquisition provides PGT Innovations with a greater competitive edge, allowing it to cater to a wider range of customers and meet the increasing demand for high-quality, impact-resistant windows and doors in the south Florida region.
With its unwavering dedication to innovation and customer satisfaction, PGT Innovations is well-positioned to capitalize on the ever-expanding window and door market. The company’s latest acquisition of Eco Enterprises signifies a significant step forward in its growth trajectory and reinforces its reputation as a trusted industry leader.
Jeff Jackson — PGT Innovations President and CEO said: “Since acquiring ownership in Eco, we’ve been able to utilize this vertical integration to service the glass needs for some of our other brands.
“We’re very excited to reach the finalization of this purchase as it will allow us to further serve high growth markets in which we operate.”
Discover more from Business-News-Today.com
Subscribe to get the latest posts sent to your email.