Expansion delivers customer-centric innovation
to new markets and geographies
PGT Innovations (NYSE: PGTI), a national leader in the premium
window, door, and garage door industry, is proud to announce the
establishment of Triple Diamond GlassTM, a PGT Innovations company,
marking a significant milestone in the organization’s strategic
growth. Triple Diamond Glass will offer innovative solutions to
window and door manufacturers in the areas of energy efficiency,
security, and sound abatement applications. The initial products to
be produced include Tri-UltraTM thin triple insulated glass units
(IGUs) and Diamond GlassTM laminated glass units. The operations
for Triple Diamond Glass will be housed in a state-of-the-art
facility strategically located in Prince George, Virginia, just
south of Richmond.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20231103173518/en/
From left to right: First row – Stephanie
Cz, Corporate Marketing Manager for PGT Innovations; Kim Taylor,
Virginia House of Delegates; Floyd Brown Jr., Prince George Board
of Supervisors; Donald Hunter, Prince George Board of Supervisors;
Carrie Coyner, Virginia House of Delegates; Joe Benevento, Deputy
Secretary of Commerce and Trade for Virginia; Glenn Youngkin,
Governor of Virginia; Jeff Jackson, President and CEO of PGT
Innovations; Rachel Evans, Senior Vice President Human Resources
for PGT Innovations; Keith Boswell, President and CEO of Virginia’s
Gateway Region Economic Development Organization. Second row -
David McCutcheon, Senior Vice President of Business Integration for
PGT Innovations; Bob Keller, Senior Vice President of Product
Innovation and Technology for PGT Innovations; and Bruce Wesner,
Senior Director of Automation and Reliability for PGT Innovations
(Photo: Business Wire)
"The creation of Triple Diamond Glass represents a major step
forward in our company’s journey,” said Jeff Jackson, President and
CEO of PGT Innovations. “This addition to our PGT Innovations
family, along with its new customer segment and manufacturing
facility, perfectly supports our mission to provide solutions that
enhance people’s lives. We are excited to bring these cutting-edge
products and manufacturing capabilities to other manufacturers,
homeowners, and the window and door industry, while also
establishing a new business and approximately 650 careers in the
state of Virginia."
“Today’s announcement is a gamechanger that will put more than
650 Virginians back to work, return the shuttered Rolls-Royce
facility to productive use, and expand PGT Innovations’ footprint
and brand into Virginia,” said Governor Glenn Youngkin.
“Manufacturing is on the rebound, and the Commonwealth is leading
the way. We look forward to supporting the future success of PGT
Innovations in Prince George County.”
Triple Diamond Glass will initially focus on producing Tri-Ultra
thin triple IGUs, which are in compliance with new energy
efficiency values required to receive tax benefits under the
Inflation Reduction Act and Energy Star® Version 7 guidelines, as
well as Diamond Glass, which offers passive protection for home
security, noise reduction, and easier operation. These products are
tailored for homeowners in North and North Central climate
zones.
Triple Diamond Glass will be the first and only manufacturer in
the U.S. to offer easy, off-the-shelf, drop-in solutions with
ultra-thin glass packages that fit current double-pane frame
depths. The company’s products will be available for window and
door manufacturers to incorporate into their own existing products
by the end of the first quarter of 2024.
The 291,000-square-foot Triple Diamond Glass facility, located
at 8800 Wells Station Road in Prince George, Virginia, was selected
for its strategic placement close to the I-95 corridor and
proximity to window and door manufacturers operating in northern
climate zones. The region also boasts a highly skilled labor pool
and an established manufacturing workforce, which will support the
production and delivery of these high-quality products.
Furthermore, the facility is equipped with cutting-edge technology,
enhancing operational efficiency, and quality.
"We are excited about the possibilities this new facility
offers,” said Bob Keller, Senior Vice President of Product
Technology and Innovation for PGT Innovations. “The
state-of-the-art equipment that will be used in the plant will
ensure that we maintain the highest quality standards and the
ability to continue to serve our customers as our operations grow.
We are incredibly grateful for the support we received from both
The Silverman Group and the Virginia Economic Development
Partnership, which allowed us to quickly secure and retrofit this
facility for our operations. The assistance provided by these
groups and incentives offered from the state of Virginia made this
location an even more attractive option for our strategic
expansion."
Triple Diamond Glass and its innovative products represent a
pivotal moment in the history of PGT Innovations, affirming the
company's commitment to enhancing living spaces and creating a
brighter and more secure future for homeowners and manufacturers
alike.
For more information about Triple Diamond Glass and its product
offerings, visit PGTInnovations.com/tdg.
About Triple Diamond GlassTM
Triple Diamond GlassTM, a PGT Innovations company, is the only
glass manufacturer in the U.S. to use fusion drawn ATGTM technology
from Corning® to develop and offer innovative solutions to window
and door manufacturers in the areas of energy efficiency, security,
and sound abatement applications. Triple Diamond Glass is also the
first and only manufacturer in the U.S. to offer easy,
off-the-shelf, drop-in solutions with ultrathin glass packages that
fit current double pane frame depths. For more information, visit
https://pgtinnovations.com/tdg.
About PGT Innovations, Inc.
PGT Innovations is a national brand and innovation leader in the
fenestration and garage door industries. The company’s portfolio
includes highly engineered and technically advanced products that
can withstand some of the toughest weather conditions on Earth and
are revolutionizing the way people live by unifying indoor and
outdoor living spaces.
PGT Innovations creates value through deep customer
relationships, understanding the unstated needs of the markets it
serves, and a drive to develop category-defining products. Through
its brands, PGT Innovations is also the nation’s largest
manufacturer of impact-resistant windows and doors and holds the
leadership position in its primary market.
The PGT Innovations family includes Triple Diamond GlassTM, a
wholly owned subsidiary, and brands CGI®, PGT® Custom
Windows and Doors, WinDoor®, Western Window Systems, Anlin
Windows & Doors, Eze-Breeze®, Eco Window Systems,
NewSouth Window Solutions, and Martin Door. The company’s brands,
in their respective markets, are a preferred choice of architects,
builders, and homeowners throughout North America and the
Caribbean. Their high-quality products are available in custom and
standard sizes with massive dimensions that allow for unlimited
design possibilities in residential, multi-family, and commercial
projects. For additional information, visit
www.pgtinnovations.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements can be identified by words such as: "assume," "believe,"
"could," "estimate," "expect," "guidance," "intend," "many,"
"positioned," "potential," "project," "think," "should," "target,"
"will," "would" and similar references to future periods. Examples
of forward-looking statements include, among others, statements we
make regarding business growth, new technologies, and expanding our
customer base.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
current beliefs, expectations and assumptions regarding the future
of our business, future plans and strategies, projections,
anticipated events and trends, the economy and other future
conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of our control. Our actual results and financial
condition may differ materially from those indicated in the
forward-looking statements. Therefore, you should not rely on any
of these forward-looking statements. Important factors that could
cause our actual results and financial condition to differ
materially from those indicated in the forward-looking statements
include, among others, the following:
- unpredictable weather and macroeconomic factors that may
negatively impact the repair and remodel and new construction
markets and the construction industry generally, especially in the
state of Florida and the western United States, where the
substantial portion of our sales are currently generated, and in
the U.S. generally;
- changes in raw material prices, especially for aluminum, glass,
vinyl, and steel, including, price increases due to the
implementation of tariffs and other trade-related restrictions,
Pandemic-related supply chain interruptions, or interruptions from
the conflict in Ukraine;
- our dependence on a limited number of suppliers for certain of
our key materials;
- our dependence on our impact-resistant product lines, which
increased with the acquisition of Eco Enterprises, LLC ("Eco"), and
contemporary indoor/outdoor window and door systems, and on
consumer preferences for those types and styles of products;
- the effects of increased expenses or unanticipated liabilities
incurred as a result of, or due to activities related to, our
recent acquisitions, including our acquisitions of Martin Door
Holdings, Inc. ("Martin") and Anlin Windows & Doors
("Anlin");
- our level of indebtedness, which increased in connection with
our recent acquisitions, including our acquisitions of Martin and
Anlin;
- increases in credit losses from obligations owed to us by our
customers in the event of a downturn in the home repair and remodel
or new home construction channels in our core markets and our
inability to collect such obligations from such customers;
- the risks that the anticipated cost savings, synergies, revenue
enhancement strategies and other benefits expected from our
acquisitions of Martin and Anlin may not be fully realized or may
take longer to realize than expected or that our actual integration
costs may exceed our estimates;
- increases in transportation costs, including increases in fuel
prices;
- our dependence on our limited number of geographically
concentrated manufacturing facilities, which increased further due
to our acquisition of Eco;
- sales fluctuations to and changes in our relationships with key
customers;
- federal, state and local laws and regulations, including
unfavorable changes in local building codes and environmental and
energy code regulations;
- risks associated with our information technology systems,
including cybersecurity-related risks, such as unauthorized
intrusions into our systems by "hackers" and theft of data and
information from our systems, and the risks that our information
technology systems do not function as intended or experience
temporary or long-term failures to perform as intended;
- product liability and warranty claims brought against us;
- in addition to our acquisitions of Martin and Anlin, our
ability to successfully integrate businesses we may acquire in the
future, or that any business we acquire may not perform as we
expected when we acquired it; and
- the other risks and uncertainties discussed under “Risk
Factors” in Part I, Item 1A of our Annual Report on Form 10-K for
the year ended December 31, 2022, and our other filings with the
Securities and Exchange Commission.
Any forward-looking statement made by us in this press release
is based only on information currently available to us and speaks
only as of the date on which it is made. We undertake no obligation
to publicly update any forward-looking statement, whether written
or oral, that may be made from time to time, whether as a result of
new information, future developments or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20231103173518/en/
PGT Innovations Contact Media Relations Stephanie Cz,
Corporate Marketing Manager SCz@PGTInnovations.com 941-480-1600
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