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James Hardie to Acquire AZEK for $8.75 Billion

3/24/2025

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Summary

James Hardie Purchases AZEK

James Hardie Industries is set to acquire AZEK Company for $8.75 billion, including $386 million in debt.
AZEK shareholders will receive $26.45 in cash and 1.034 shares of James Hardie, totaling $56.88, a 37% premium.
The acquisition aims to enhance profitability and cash flow, with expected annual synergies of $350 million.
After the deal, James Hardie shareholders will own 74% of the new entity, listed on the NYSE.
The transaction is anticipated to close in the second half of 2025, pending regulatory approvals.

Summary

James Hardie Purchases AZEK

James Hardie Industries is set to acquire AZEK Company for $8.75 billion, including $386 million in debt.
AZEK shareholders will receive $26.45 in cash and 1.034 shares of James Hardie, totaling $56.88, a 37% premium.
The acquisition aims to enhance profitability and cash flow, with expected annual synergies of $350 million.
After the deal, James Hardie shareholders will own 74% of the new entity, listed on the NYSE.
The transaction is anticipated to close in the second half of 2025, pending regulatory approvals.

1 of 2

James Hardie Purchases AZEK

James Hardie Industries is set to acquire AZEK Company for $8.75 billion, including $386 million in debt.
AZEK shareholders will receive $26.45 in cash and 1.034 shares of James Hardie, totaling $56.88, a 37% premium.
The acquisition aims to enhance profitability and cash flow, with expected annual synergies of $350 million.
After the deal, James Hardie shareholders will own 74% of the new entity, listed on the NYSE.
The transaction is anticipated to close in the second half of 2025, pending regulatory approvals.

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