James Hardie To Acquire Azek In Nearly $9 Billion Deal, Creating U.S. Home Exterior Giant

Benzinga

James Hardie Industries will acquire Azek in a billion cash-and-stock deal of nearly $9 million, according to the Financial Times. The deal merges two major players in the U.S. home improvement market. The combined company will generate $6 billion in revenue and over $1 billion in earnings, driven largely by U.S. sales. The companies are pioneers in using synthetic materials like fiber and cement for home improvements, addressing the aging U.S. housing stock. CEO Aaron Erter said the combined company aims to lead in exterior home products and deliver above-market growth.

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00:00It's Benzinga bringing Wall Street to Main Street. James Hardy Industries will acquire

00:03Aztec in a cash and stock deal of nearly nine million dollars according to the Financial Times.

00:08The deal merges two major players in the U.S. home improvement market. The combined company

00:13will generate six billion dollars in revenue and over one million dollars in earnings,

00:17driven largely by U.S. sales. Companies are pioneers in using synthetic materials

00:22like fiber and cement for home improvements, addressing the aging U.S. housing stock.

00:28CEO Aaron Erner said the combined company aims to lead in exterior home products and

00:33deliver a bull market growth. For all things money visit benzinga.com slash gstv

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