James Hardie agrees to buy AZEK for US$8.7b

(Image: Getty)

Mon, 24 Mar 2025

By Rhiannon Hoyle Building materials company James Hardie Industries has agreed to buy AZEK, a maker of home decking, railing and pergolas, in a cash-and-stock deal worth US$8.75 billion (NZ$15.2b).The deal is a doubling down on the U.S. housing market for James Hardie, a top supplier of home sidings in North America, and combines a range of common products for home renovations under one roof, the companies said.James Hardie said shareholders in Chicago-based AZEK will get US$26.45 in cash and 1.034 shares of James Hardie for each AZEK sha...

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