PGTI - PGT Innovations acquires 25% remaining ownership interest in Eco Enterprises
2023-06-05 13:47:43 ET
- PGT Innovations ( NYSE: PGTI ) has announced that it has acquired the remaining outstanding 25% ownership interest in Eco Enterprises.
- PGT Innovations first acquired 75% ownership stake in Eco in 2021 to accelerate revenue growth, expand margins, and strengthen supply chain by adding glass production capacity, while diversifying and bolstering product lines to provide opportunities in residential and commercial markets.
- The Co. is committed to the strategy of expanding its family of brands, transforming manufacturing operations, and growing in desirable markets and geographies.
- “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,” said Jeff Jackson, PGT Innovations President and CEO.
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PGT Innovations acquires 25% remaining ownership interest in Eco Enterprises