James Hardie to Acquire AZEK for $8.75 Billion
James Hardie announced on March 23 that it will acquire The AZEK Company in a cash and stock deal valued at $8.75 billion. James Hardie is a manufacturer of fiber cement siding and other exterior building products while AZEK manufactures environmentally sustainable outdoor living products.
“This combination with AZEK is an extraordinary opportunity to accelerate our growth strategy, deliver enhanced and differentiated solutions to our customers, and drive shareholder value,” Aaron Erter, James Hardie CEO, said in a news release. “We are uniting two highly complementary companies with large material conversion opportunities and shared cultures centered around providing winning solutions to our customers and contractors.”
“Over AZEK’s more than 40-year history, we have made strategic investments in innovation, capabilities and talent, driving sustained above-market growth with our industry-leading brands, including TimberTech and AZEK Exteriors,” AZEK CEO, Jesse Singh, noted in the news release. “Building upon our proven track record of success, today marks an exciting start to the next phase of AZEK’s journey to further accelerate growth and material conversion.”
The deal is expected to close in the second half of 2025. The combined company will increase its total addressable market in North America to $23 billion and have a meaningful opportunity to drive accelerated material conversion across its combined product offerings.
Erter will serve as CEO of the combined company while James Hardie Chief Financial Officer Rachel Wilson will serve as CFO. Singh will join James Hardie’s Board of Directors, along with AZEK board members Howard Heckes and Gary Hendrickson.
