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PulteGroup Announces Expansion of Innovative Construction Group Operations into South Carolina


PulteGroup, Inc. (NYSE: PHM) today announced the unveiling of its subsidiary Innovative Construction Group’s second off-site solutions manufacturing operations in Florence, South Carolina. Focused on single-family and multi-family wood framed construction, this facility will expand ICG’s production and distribution capabilities to meet growing demand in the Southeast.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221117005133/en/

Pictured (from left to right): Rich Allen (ICG), Ryan Marshall (PulteGroup), Pamela Evette (Lieutenant Governor of South Carolina), Ryan Melin (ICG), Willard Dorriety, Jr. (Florence County Council), Gregg Robinson (Florence County Economic Development Partnership). (Photo: Business Wire)

Pictured (from left to right): Rich Allen (ICG), Ryan Marshall (PulteGroup), Pamela Evette (Lieutenant Governor of South Carolina), Ryan Melin (ICG), Willard Dorriety, Jr. (Florence County Council), Gregg Robinson (Florence County Economic Development Partnership). (Photo: Business Wire)

“Part of the Company’s ongoing expansion of the ICG platform, we are excited to open our newest off-site production facility,” said PulteGroup President and CEO Ryan Marshall. “This facility increases the scope of ICG’s manufactured framing solutions to serve new home construction in South Carolina, including PulteGroup’s communities in Myrtle Beach, Charleston, Hilton Head, Rock Hill and Columbia.”

The Florence operation integrates cutting-edge technology, automation and intellectual property exclusive to ICG to deliver a comprehensive range of framing solutions. Designed to enhance production efficiency and build quality, ICG provides design services, wall panels, roof trusses and floor systems, and on-site installation to provide a fully integrated shell construction process.

“Opening a facility in South Carolina was a natural next step to expanding the ICG platform as it allows for collaboration with our operations in Florida, while extending our offerings and services to several new housing markets,” said Ryan Melin, Co-Founder and President of ICG. “With this expansion completed, we are excited to shift focus towards further vertically integrating our operations.”

For more information about ICG and to view open positions at the Florence facility, please visit www.icgbuilds.com.

About PulteGroup

PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one of America’s largest homebuilding companies with operations in more than 40 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes, American West and John Wieland Homes and Neighborhoods, the company is one of the industry’s most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing consumer demand. PulteGroup’s purpose is building incredible places where people can live their dreams.

For more information about PulteGroup, Inc. and PulteGroup brands, go to pultegroup.com; pulte.com; centex.com; delwebb.com; divosta.com; jwhomes.com; and americanwesthomes.com. Follow PulteGroup, Inc. on Twitter: @PulteGroupNews.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221117005133/en/

Pulte Group Inc. Stock

€117.50
0.660%
The Pulte Group Inc. stock is trending slightly upwards today, with an increase of €0.78 (0.660%) compared to yesterday's price.
With 23 Buy predictions and not a single Sell prediction Pulte Group Inc. is an absolute favorite of our community.
With a target price of 125 € there is a slightly positive potential of 6.38% for Pulte Group Inc. compared to the current price of 117.5 €.
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