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VENICE — PGT Inc., an impact-resistant window and door manufacturer and supplier, acquired Orlando-based WinDoor Inc. for $102 million.
WinDoor, which provides windows and doors to luxury condos, homes and resorts, will become a wholly owned subsidiary of PGT, according to a statement. This is the second major acquisition for PGT in the last 18 months; the company bought Miami-based CGI Windows & Doors Holdings in July 2014 for $111 million.
After the transaction is finalized, WinDoor will continue operations under a separate brand name in Orlando.
Venice-based PGT, which struggled in the recession, has been growing rapidly in recent years. The firm, one of the largest employers in the region, had $306 million in sales last year. It trades on the Nasdaq under the symbol PGTI (recent price: $11.)
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