- Expands into adjacent window and door category
- Adds premium overhead garage doors to product portfolio
- Broadens geographic footprint and brand presence in high-growth Western region
- Adds another strong brand to PGT Innovations brand portfolio
- Creates cross-selling opportunities for existing Western Division brands and NewSouth Window Solutions
- Strong cultural and values fit across both companies
- Purchase price of $185 million; Sales of approximately $60 million expected in 2022
- Expected to be immediately accretive to EBITDA margin, accretive to adjusted EPS within first year
Crown Crafts Acquires Manhattan Group, LLC, Doing Business As Manhattan Toy, & Its Subsidiary Manhattan Toy Europe, For $17M
The purchase was funded by a combination of cash on hand and proceeds from the Company's line of credit. The acquisition is expected to be accretive to earnings and will add approximately $24
