Masonite terminates $3B acquisition deal with PGT Innovations

One of the largest deals in Gulf Coast business history has been scuttled.

  • By Jim Stinson
  • | 10:50 a.m. January 17, 2024
  • | 0 Free Articles Remaining!
The headquarters of PGT Innovations in Venice.
The headquarters of PGT Innovations in Venice.
Courtesy image
  • Manatee-Sarasota
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A $3 billion acquisition deal between two publicly traded companies along the Gulf Coast has been terminated.

Masonite International, a Tampa manufacturer and distributor of interior and exterior doors and door systems, says it has abandoned its $3 billion deal to acquire PGT Innovations of Venice.

Masonite says it will receive a termination fee of $84 million from PGT Innovations.

 

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