PGT Innovations to Hold Special Stockholder Meeting on Proposed Acquisition by MITER Brands

PGT Innovations, Inc. (“PGTI” or the “Company”) is pleased to announce that it has set the date for the special stockholder meeting to consider and vote on the proposal to adopt the merger agreement in connection with the proposed acquisition of the Company (the “Transaction”) by MIWD Holding Company LLC (“MITER”). The special meeting will be held on March 18, 2024, for PGTI stockholders of record at the close of business on February 7, 2024.

About the Transaction

On January 17, 2024, the Company announced that it had entered into a definitive agreement for MITER to acquire all outstanding shares of PGTI at a price of $42.00 per share in cash, or an enterprise value of approximately $3.1 billion. The purchase price represents a premium of approximately 60% over PGTI’s unaffected closing share price on October 9, 2023, the last trading day prior to the public disclosure of a proposal by MITER for the acquisition of PGTI.

The transaction, which was unanimously approved by the boards of directors of both companies, is expected to be completed by mid-year 2024, subject to customary closing conditions, including approval by PGTI stockholders and receipt of applicable regulatory approval.

Upon completion of the transaction, PGTI’s shares will no longer trade on the NYSE, and PGTI will become a privately held subsidiary of MITER.

About PGT Innovations, Inc.

PGT Innovations is a national brand and innovation leader in the fenestration and garage door industries. An American organization established in Venice, FL in 1980 with just three employees and one location, PGT Innovations has grown to now include over 5,500 team members and more than 30 facilities strategically located across the nation. The company’s robust portfolio includes highly engineered and technically advanced products that can withstand some of the toughest weather conditions on Earth and are revolutionizing the way people live by unifying indoor and outdoor living spaces.

PGT Innovations creates value through deep customer relationships, understanding the unstated needs of the markets it serves, and a drive to develop category-defining products. Through its brands, PGT Innovations is also the nation’s largest manufacturer of impact-resistant windows and doors and holds the leadership position in its primary market.

The PGT Innovations family includes Triple Diamond Glass^TM, a wholly owned subsidiary, and brands CGI^®, PGT^® Custom Windows and Doors, WinDoor^®, Western Window Systems, Anlin Windows & Doors, Eze-Breeze^®, Eco Window Systems, NewSouth Window Solutions, and Martin Door. The company’s brands, in their respective markets, are a preferred choice of architects, builders, and homeowners throughout North America and the Caribbean. Their high-quality products are available in custom and standard sizes with massive dimensions that allow for unlimited design possibilities in residential, multi-family, and commercial projects. For additional information, visit www.pgtinnovations.com.

Contact:

Stephanie Cz – Corporate Communications and PR Manager – SCz@PGTInnovations.com – (941) 480-1600

Source: PGT Innovations, Inc.