Building materials company James Hardie Industries has agreed to buy AZEK, a maker of home decking, railing and pergolas.

Key Takeaways Australia's James Hardie Industries is acquiring AZEK in a $8.75 billion cash-and-stock deal that will combine ...

Azek Co. Inc. has averaged more than 15 percent net sales growth over the last seven years. Azek’s growth has been led by ...

James Hardie Industries plc (ASX: JHX) shares fell to a 22-month low of $37.90 apiece in early trading on Tuesday.

The companies entered a definitive agreement under which James Hardie will acquire Azek for a combination of cash and shares, ...

Based on James Hardie's last closing price, this represents US$56.88 per share and a 26% premium to AZEK's 30-day average ...

Expected to accelerate James Hardie’s revenue growth trajectory and generate at Least $350 million of additional annual ...

James Hardie shareholders will own about 74% of the combined company, with AZEK stockholders owning 26%. The combined company will sell siding, exterior trim, decking, railing and pergolas ...

Based in Chicago, AZEK is a manufacturer of outdoor living products, employing approximately 2,000 team members across ...

The deal, which is valued at $8.75 billion, will provide a comprehensive range of product offerings for home exteriors ...

"We are uniting two highly complementary companies," said James Hardie Chief Executive Aaron Erter. The combined business will make products including siding, exterior trim, decking, railing and ...