By: Bill Bregar
May 13, 2013
CARY, N.C. — Plastic construction products maker Ply Gem Holdings Inc. announced on May 13 that it will launch an initial public stock offering on the New York Stock Exchange.
The IPO will cover 15,789,474 shares of common stock. The Cary-based company expects to grant underwriters an option to buy up to an additional 2,368,421 shares of common stock to cover any over-allotments.
Ply Gem’s stock has been approved for listing in the NYSE under the symbol PGEM.
The company makes vinyl siding and trim, and vinyl fencing.
The stock will not be sold until the IPO registration statement, filed with the Securities and Exchange Commission, becomes effective.
Ply Gem was created in 2004 when a private equity firm bought the vinyl products division of Nortek Inc., then added several more building products businesses. Ply Gem’s siding and fencing brand names include Mastic, Variform, NAPCO, Stone, Kroy, Cellwood, Georgia Pacific, DuraBuilt, Richwood and Great Lakes Window.