PGT Announces Sale of Salisbury, N.C., FacilityJanuary 28th, 2013 by DWM Magazine
PGT Industries has completed the sale of its Salisbury, N.C., manufacturing facility to an affiliate of Gildan Activewear Inc. for approximately $8 million in cash. PGT previously manufactured impact and non-impact doors and windows at the approximately 390,000-square-foot facility. With this sale, the company has consolidated all of its manufacturing operations into its facilities located in Venice, Fla.
“This sale represents a positive outcome for PGT, our shareholders and employees, and provides additional momentum as we move into 2013,” says Rod Hershberger, president and CEO of PGT. “As previously announced, we listed this facility for sale in connection with the consolidation of our manufacturing operations into our Florida facilities. This sale further improves our financial strength and aligns with our strategy of focusing on our core impact-resistant markets within the State of Florida and nearby coastal regions.”