From Nasdaq: 2025-03-23 21:03:00

James Hardie Industries plc has agreed to acquire The AZEK Company Inc. for $8.75 billion. AZEK shareholders will receive $26.45 in cash and 1.0340 ordinary shares of James Hardie for each share of AZEK common stock. The transaction is expected to close in the second half of 2025, subject to regulatory approvals. James Hardie reaffirmed its fiscal year 2025 guidance, while AZEK reaffirmed its full-year fiscal 2025 outlook. James Hardie CEO Aaron Erter will lead the combined company, with James Hardie CFO Rachel Wilson as CFO. The acquisition will result in James Hardie and AZEK shareholders owning approximately 74% and 26% of the combined company, respectively.



Read more at Nasdaq: James Hardie Industries To Acquire AZEK Company In $8.75 Bln Cash And Stock Deal