NORTH VENICE, Fla.--(BUSINESS WIRE)--
PGT Innovations (NYSE: PGTI) recently opened two new locations expanding its operations in the Miami area. The new facilities will enhance the Company’s manufacturing capabilities to meet future expected growth of the impact-resistant window and door market.
The main location, a 330,000-square-feet facility designed to produce residential impact-resistant products, is located at 3780 W. 104 Street in Hialeah. The Company’s brand, CGI, has moved its offices and manufacturing facilities into the new space which is located approximately 12 miles from their old location in Miami. This expansion offers the capability to run multiple door and window manufacturing lines and features a production floor, multi-brand showroom, distribution logistics and office space for employees.
The second location, a facility dedicated to producing CGI Commercial impact-resistant products, is located at 2970 NW 75th Ave in Miami. This facility expanded its current footprint from 40,000 square feet to 80,000 square feet which offer the Company the capability to run multiple manufacturing lines and features a production floor, showroom, and office space for employees.
“Our new locations provide increased manufacturing capabilities and allow us to enhance operational efficiencies,” said Jeff Jackson, CEO, PGT Innovations. “I could not be prouder of our team members for their commitment to meet the rising demands of our customers, and for their assistance to ensure such a smooth transition. It is exciting to know that we are fully operational in our new facilities and are focused to provide the same great quality our customers have come to expect.”
About PGT Innovations
PGT Innovations, headquartered in North Venice, Florida, with more than 2,800 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.
Forward-Looking Statements
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:
- Changes in new home starts and home remodeling trends
- The economy in the United States generally and in Florida, in particular, where the substantial portion of our sales are generated
- Raw material prices, especially aluminum and vinyl
- Transportation costs
- Our level of indebtedness
- Our dependence on our impact-resistant product lines
- Our ability to successfully integrate acquisitions, such as our acquisitions of CGI® Windows & Doors Holdings, Inc. and WinDoor®, Inc.
- Product liability and warranty claims
- Federal and state regulations,
- Our dependence on our manufacturing facilities; and
- Other risks discussed in our Company’s filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended January 2, 2016 and our subsequently filed quarterly reports on Form 10-Q, which are available from the SEC.
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.
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