AZEK in $8.75 Billion Acquisition by James Hardie
Deal News | Mar 23, 2025 | Wachtell, Lipton, Rosen & Katz
In a significant transaction announcement made on March 23, 2025, The AZEK Company Inc., a leading manufacturer in outdoor living products, is set to be acquired by James Hardie Industries plc for $8.75 billion. The acquisition, which includes the assumption of net debt, will be executed through a combination of cash and shares of James Hardie. This strategic acquisition is poised to enhance James Hardie's portfolio in the building products industry. The legal advisory for this transaction is provided by Wachtell, Lipton, Rosen & Katz.
Sectors
- Building Products
- Outdoor Living Products
Geography
- United States – The AZEK Company is based in the United States, which is a key region for this transaction.
- Australia – James Hardie Industries is listed on the ASX, indicating its significant operations and presence in Australia.
Industry
- Building Products – Relevant as both AZEK and James Hardie are leaders in providing building products and solutions.
- Outdoor Living Products – Relevant as The AZEK Company specializes in the manufacture of outdoor living products, spotlighting this segment.
Financials
- $8.75 billion – Total transaction value for the acquisition of The AZEK Company by James Hardie Industries, including the assumption of net debt.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| The AZEK Company Inc. | Target | Company | A leading manufacturer of outdoor living products. |
| James Hardie Industries plc | Bidding Company | Company | A global leader in providing building products and solutions. |
| Wachtell, Lipton, Rosen & Katz | Legal Advisor | Company | Provided legal advisory services for this transaction. |