PGT Innovations to Consolidate Florida Manufacturing Facilities
PGT Innovations, Inc. (PGTI)
Last pgt innovations, inc. earnings: 2/25 07:30 am
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ir.pgtinnovations.com
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Source: Business Wire
VENICE, Fla.--(BUSINESS WIRE)--PGT Innovations, Inc. (NYSE: PGTI), a national leader in the premium window and door category, today announced plans to consolidate its Florida manufacturing facilities to optimize operations and reduce fixed costs. The Company expects to cease production at its Orlando facility in June 2020, where its WinDoor® and Eze-Breeze® products are assembled, and plans to relocate the manufacturing of those products to the Company’s Venice and Tampa, Florida plants, respectively.“Consolidation of our Florida facilities is an important step in our integration plans following the acquisition of NewSouth Window Solutions that we expect to improve our overall operations, strengthen our business and reduce costs,” said Jeff Jackson, President and Chief Executive Officer of PGT Innovations. “Once completed, we anticipate this consolidation will reduce our annualized operating expense by $3.5 to $3.8 million.”“We recognize this can be a difficult time for affected e
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