Business
James Hardie Completes Acquisition of AZEK to Become a Leading Provider of Exterior Home and Outdoor Living Solutions
SYDNEY & CHICAGO, July 01, 2025--Today, James Hardie Industries plc (NYSE / ASX: JHX) ("James Hardie" or the "Company"), a leader in high-performance, low-maintenance building product solutions, successfully completed its previously announced acquisition of The AZEK® Company ("AZEK") in a cash-and-stock transaction for $26.45 in cash and 1.0340 ordinary shares of James Hardie for each share of AZEK common stock held for a total of $54.18 per share, based on the closing stock price of AU$40.77 pe
About this update from James Hardie Industries Plc.
[{"type":"text","content":"Combines World-Class Talent with Shared Cultures Focused on Providing Winning Solutions Across the Customer Value Chain","length":119,"tagName":"p","attribs":{}},{"type":"text","content":"Unites Highly Complementary Offerings of Leading Exterior Brands and Significantly Expands James Hardie’s Total Addressable Market","length":130,"tagName":"p","attribs":{}},{"type":"text","content":"Combination Will Capture Significant Commercial and Cost Synergies, Accelerate James Hardie’s Revenue and EBITDA Growth and Drive Robust Free Cash Flow Generation","length":162,"tagName":"p","attribs":{}},{"type":"text","content":"SYDNEY & CHICAGO, July 01, 2025--(BUSINESS WIRE)--Today, James Hardie Industries plc (NYSE / ASX: JHX) ("James Hardie" or the "Company"), a leader in high-performance, low-maintenance building product solutions, successfully completed its previously announced acquisition of The AZEK® Company ("AZEK") in a cash-and-stock transaction for $26.45 in cash and 1.0340 ordinary shares of James Hardie for each share of AZEK common stock held for a total of $54.18 per share, based on the closing stock price of AU$40.77 per share based on James Hardie’s CHESS Depositary Interest (CDI) listing on the Australian Securities Exchange (ASX) and an exchange rate of 0.6579. This represents an implied value of $8.4 billion, including the value of share-based awards and the repayment of AZEK’s outstanding debt.","length":832,"tagName":"p"},{"type":"text","content":""I want to thank our James Hardie teammates for their focus and dedication to our customers, and to the AZEK team, I am pleased to formally welcome you to James Hardie," said Aaron Erter, Chief Executive Officer, James Hardie. "Together, we are a stronger team and have never been better positioned to serve our customers and create value for all our stakeholders. As a combined organization, our purpose of Building a Better Future for All™ will drive our continued success as a leading provider of exterior home and outdoor living solutions."","length":564,"tagName":"p"},{"type":"text","content":"James Hardie now features a portfolio of high-performance, low-maintenance exterior brands, including Hardie®, TimberTech®, AZEK® Exteriors, Versatex®, StruXure®, Ultralox® and Intex®. Collectively, James Hardie brands offer incredible value, a...