Masonite, a global designer, manufacturer, marketer and distributor of interior and exterior doors and premium door systems, failed to acquire PGT Innovations, a designer and manufacturer of patio door and premium window solutions, for $3bn. “The decision to waive our right to increase our offer reflects our commitment to financial discipline and rigor in our strategic investments. We remain focused on the execution of our Doors That Do More growth initiatives and the pursuit of our 2027 financial goals. I am confident in Masonite’s ability to create long-term value for our customers and our shareholders as we continue to deliver reliable supply, drive product leadership and win the sale," Howard Heckes, Masonite President and Chief Executive Officer.