The transaction is expected to close in the Q2 2024 and is subject to customary closing conditions.
Masonite International
Following the acquisition, Masonite will operate as a distinct segment within Owens Corning, retaining its brand and Tampa, Florida presence.
This termination follows the Masonite Board of Directors’ decision not to submit a revised offer to acquire PGT Innovations, after being notified that the PGTI Board had determined that a revised proposal from MITER Brands submitted on January 12, 2024, was a “superior proposal.”