Brief: Pgt Innovations Acquires Martin Door Expands Into Garage Door Market

PGT Innovations

17/10/2022 19:47

Oct 17 (Reuters) - PGT Innovations Inc  PGTI.N :
    * PGT INNOVATIONS ACQUIRES MARTIN DOOR; EXPANDS INTO GARAGE DOOR MARKET
    * PGT INNOVATIONS ACQUIRES MARTIN DOOR; EXPANDS INTO GARAGE DOOR MARKET
    * PGT INNOVATIONS INC - ACQUIRED MARTIN DOOR HOLDINGS, INC. FOR A PURCHASE PRICE OF ABOUT
$185
MILLION
    * PGT INNOVATIONS INC - DEAL EXPECTED TO BE IMMEDIATELY ACCRETIVE TO EBITDA MARGIN,
ACCRETIVE TO
ADJUSTED EPS WITHIN FIRST YEAR
    * PGT INNOVATIONS - ENTERED INTO NEW, FIVE-YEAR, $250 MILLION REVOLVING CREDIT FACILITY
WHICH WILL
BE UTILIZED, ALONG WITH CASH ON HAND, TO FUND TRANSACTION

Source text for Eikon:  ID:nBw22slF7a 
Further company coverage:  PGTI.N 
 ((Reuters.Briefs@thomsonreuters.com;))