PGT Innovations Inc. a national designer, manufacturer and supplier of windows and doors for residential and commercial sectors, has acquired Martin Door Holdings Inc. of Salt Lake City. The North Venice, Florida, company will pay $185 million for Martin, a custom manufacturer of premium overhead garage doors and hardware serving the Western U.S. residential and commercial markets.{mprestriction ids="1,3"}
PGT said transaction is consistent with its continuing move into adjacent building product categories that complement its current portfolio of window and door brands. The acquisition will also strengthen the company’s market presence across the Western region, an area currently served by two of PGT’s’ window and door brands, Western Window Systems of Phoenix and Anlin Windows & Doors, based in Clovis, California.
“PGT Innovations has been expanding our geographic footprint and product portfolio over the past several years with great success,” said Jeff Jackson, president and CEO of PGT. “This transaction continues that trend and brings us into a new market of garage doors. As we looked to expand beyond our existing window and door market, we wanted to ensure we could leverage our team’s extensive knowledge in the area of protecting the envelope of homes and buildings. The garage door entry market aligns extremely well with that strategy. Additionally, Martin’s focus on exceptional quality, safety of their products, and innovation within their industry mirrors the priorities found across all of our PGT Innovations brands, making it, culturally, a perfect fit.”
Eighty-five-year-old Martin Doors has recently strategically positioned itself to capitalize on robust population growth in the West. The company has recently undergone a multi-year transformation focused on operational excellence and delivering innovative products. Over that time, the company has introduced multiple new product lines, doubled its dealer base and improved margins while also investing for growth via automation and capacity expansion.
Martin will operate under the Western Division of PGT and Martin’s CEO Scott Huntsman will remain with the company and assume the role of president of Martin Doors.
“PGT Innovations’ long-standing focus on innovation, safety and quality, as well as their exceptional dedication to their team members, made the decision to join their family of brands an easy one,” said Huntsman. “We are honored that the group saw similar qualities in our team and selected Martin to be the brand to help them enter into the overhead garage door industry. We are excited to work with the PGT Innovations team to advance further our manufacturing capabilities and serve as their flagship brand in the garage door product category.”{/mprestriction}
