James Hardie Acquires Azek in $8.75 Billion Deal
James Hardie Industries, an Australian building materials company, has announced a significant expansion into the U.S. market with the acquisition of Azek Company Inc., a leading manufacturer of building products. The deal, valued at $8.75 billion, marks one of the largest transactions in the building materials sector this year.
The acquisition aims to combine the strengths of both companies to create a formidable growth platform in the building products industry. James Hardie, known for its fiber cement siding, will integrate Azek's expertise in outdoor living and decking solutions, enhancing its product portfolio and market reach in North America.
Executives from both companies expressed optimism about the merger, highlighting the potential for innovation and market expansion. The transaction is expected to close in the second half of 2025, pending regulatory approvals and customary closing conditions.
This strategic move is anticipated to bolster James Hardie's position in the competitive U.S. market, providing a robust platform for future growth and development in the building materials sector.
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