PGT Adds New Line with Acquisition of Vinyl Window Maker Assets
In a move designed to enhance its energy efficient product offerings, PGT Inc., the Florida-based manufacturer of impact-resistant windows and doors, has acquired the operating assets of Hurricane Window & Door Factory of Fort Myers, Fla. Hurricane offers The Protector Series, said to be one of the highest air, water and structurally rated vinyl impact product lines for the single and multi-family residential markets.
This acquisition broadens PGT's capabilities in both the vinyl and impact resistant markets, while offering the increasingly critical energy efficiency benefits of vinyl, officials note. In addition to impact resistance, the products qualify homeowners for the government's energy tax credits in the American Recovery and Reinvestment Act of 2009.
"PGT's core residential business focuses on the impact coastal markets. Stringent structural requirements dominate the coastal areas but energy efficiency is becoming just as important in these markets," says Rod Hershberger, PGT president and CEO. "With this acquisition, we now offer the complete package to our customers–quality window and door products that protect homes against severe weather events and intruders, reduce energy costs, enhance beauty, and eliminate outdoor noise. We continue to advance our product lines to exceed customer expectations and industry standards."
"The synergies between PGT and Hurricane are tremendous and represent an excellent opportunity for growth," says Ron Stanek, co-owner of the Hurricane Window & Door Factory. "In dealing with PGT over the past several months, we realized this is the organization we want to be a part of because the company is devoted to its customers, employees, product quality and innovation."
"Leveraging Hurricane's technology, PGT is providing our dealers with the products they demand to meet the needs of today's homeowner who wants lower energy costs and impact protection in a sleek, aesthetically pleasing window that fits any decor," adds Hershberger. "We are excited about the opportunities we see in the Florida, Gulf Coast and Eastern coastal single family and multi-family residential markets."
An integration team is currently evaluating the future structure of business operations, manufacturing and staffing for the Hurricane Window & Door Factory products currently produced in Ft. Myers, PGT officials note. A plan will be rolled out in the coming weeks. Once integrated, the products will be folded into the PGT WinGuard portfolio and will be branded accordingly over time.
PGT will begin selling the products immediately to a pre-qualified distributor base, officials also note. It is currently evaluating its distribution and will be rolling out a plan very soon for how its dealer customers can qualify to sell the Protector Series products. Existing Hurricane Window & Door Factory customers will also be contacted by PGT about setting up distribution, the company states.