James Hardie to Acquire AZEK in $8.8 Billion Deal, Creating Building Products Giant
In a significant move within the building products industry, Australia's James Hardie has announced its acquisition of the U.S.-based AZEK Company in a deal valued at approximately $8.8 billion. The transaction, structured as a mix of cash and stock, aims to establish a leading growth platform for building materials across North America and Australia.
James Hardie, known for its fiber cement siding, and AZEK, a key player in the decking and exterior building products market, have stated that the merger will enable them to better serve their customers by combining their product portfolios and expanding their market reach. The deal is expected to close by the end of 2025, pending regulatory approvals and shareholder consent.
The combined entity is anticipated to generate significant synergies, with projections of cost savings and enhanced operational efficiencies. This acquisition marks a pivotal moment for both companies, positioning them to capitalize on the growing demand for high-quality, sustainable building materials.
Detailed James Hardie to buy AZEK in $8.75 billion deal
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