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Inc. Azek is a 40-year-old Chicago-based company that specializes in low-maintenance sustainable plastic building products. Its brands include TimberTech decking and railing, and Versatex and Azek ...
Australian-listed James Hardie said it is buying the Azek Co. for $8.75 billion in cash, stock and assumed debt. That values each Azek share at $56.88, a 26% premium to its volume-weighted average ...
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CR tests composite decking for three years under severe conditions, evaluating planks from brands such as Azek, Fiberon, and ...
This would result in the Australian firm owning around 74 percent of AZEK, with the remaining 26 percent to be owned by minority shareholders. “The consumer journeys for siding and decking often ...
Wall cladding and plasterboard group James Hardie will acquire outdoor decking and railings company Azek in a $14 billion cash and scrip deal, which chief executive Aaron Erter said would ...
Azek manufacturers decking made primarily of recycled materials, offering a more eco-friendly and sustainable option for homeowners. Hardie, which is based in Australia but does most of its ...
Building materials company James Hardie Industries has agreed to buy AZEK, a maker of home decking, railing and pergolas, in a cash-and-stock deal worth $8.75 billion. The deal is a doubling down ...
with AZEK stockholders owning 26%. The combined company will sell siding, exterior trim, decking, railing and pergolas, among other building goods. “The consumer journeys for siding and decking ...
even though their cash and scrip is being used to fund it. Many investors have declared the Azek deal “value-destructive”.
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