The Azek Company is a leading manufacturer of high-performance building materials, specializing in products designed for outdoor living spaces such as decking, railing, and trim
The company focuses on sustainability and innovation, utilizing advanced technologies to create durable, low-maintenance materials that resist fading, staining, and scratching. Their offerings cater to both residential and commercial markets, appealing to homeowners, contractors, and landscapers who seek eco-friendly solutions that enhance aesthetic appeal and longevity. Azek is committed to promoting environmentally responsible practices, ensuring that their products not only meet customer demands but also contribute positively to the planet.
James Hardie will acquire AZEK in a $8.75 billion cash and stock deal – AZEK shareholders will receive $26.45 in cash and 1.034 shares of James Hardie for each share of AZEK.
Shares of outdoor living products manufacturer AZEK Company (NYSE:AZEK)
jumped 23.6% in the afternoon session after James Hardie Industries offered to acquire the company (AZEK) in a cash and stock deal worth approx. $9 billion. The acquisition price implied a 26% premium to AZEK's average stock trading over the 30-day period before the deal became public.
The Ademi Firm is investigating AZEK (NYSE: AZEK) for possible breaches of fiduciary duty and other violations of law in its transaction with James Hardie.
James Hardie Industries is set to acquire AZEK in an $8.75 billion deal. The acquisition, expected to close by 2025, will expand its market presence to $23 billion in North America, boosting sales and EBITDA growth.
Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of AZEK Company Inc. (NYSE: AZEK) to James Hardie Industries plc is fair to AZEK shareholders. Under the terms of the proposed transaction, AZEK shareholders will receive $26.45 in cash and 1.0340 ordinary shares of James Hardie for each share of AZEK common stock they own. Upon completion of the proposed transaction, AZEK shareholders are expected to own approximately 26% of the combined company.
James Hardie Industries plc (ASX / NYSE: JHX) (“James Hardie” or the “Company”), a leader in providing high-performance, low-maintenance building products and solutions, and The AZEK Company Inc. (NYSE: AZEK) (“AZEK”), a leading manufacturer of high-performance, low-maintenance and environmentally sustainable outdoor living products, today announced entry into a definitive agreement (the “Agreement”) under which James Hardie will acquire AZEK for a combination of cash and James Hardie shares with a total transaction value of $8.75 billion, including AZEK’s net debt of approximately $386 million as of December 31, 2024.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at UFP Industries (NASDAQ:UFPI) and the best and worst performers in the building materials industry.
Wrapping up Q4 earnings, we look at the numbers and key takeaways for the building materials stocks, including Sherwin-Williams (NYSE:SHW) and its peers.
Home automation and security solutions provider Resideo Technologies (NYSE:REZI)
will be announcing earnings results tomorrow afternoon. Here’s what you need to know.
