Cary, N.C.-based Ply Gem Holdings, a manufacturer of exterior building products, announced plans to launch its initial public offering of nearly 16 million shares of its common stock.
Ply Gem plans to use the proceeds from the public offering to pay off debt, to pay transaction fees and for general corporate purposes, according to the announcement.
The stock has been approved for listing on the New York Stock Exchange under the symbol “PGEM.”
Ply Gem produces a product line of windows and patio doors, vinyl siding, designer accents, cellular PVC trim and mouldings, among other categories. Ply Gem owns a wide variety of brand names, including Mastic Home Exteriors, Variform, NAPCO, Ply Gem Stone, Kroy, Cellwood, Gutter Warrior and Monticello Columns.
The company’s brands are sold through short-line and two-step distributors, pro dealers, home improvement dealers and big box retailers.