Building materials company James Hardie Industries has agreed to buy AZEK, a maker of home decking, railing and pergolas.

Azek Co. Inc. has averaged more than 15 percent net sales growth over the last seven years. Azek’s growth has been led by consumers choosing to convert wood decking and other products to ...

The companies entered a definitive agreement under which James Hardie will acquire Azek for a combination of cash and shares, ...

James Hardie shareholders will own about 74% of the combined company, with AZEK stockholders owning 26%. The combined company will sell siding, exterior trim, decking, railing and pergolas ...

Based on James Hardie's last closing price, this represents US$56.88 per share and a 26% premium to AZEK's 30-day average trading price. Upon completion, James Hardie shareholders will own around 74% ...

Stephens analyst Trey Grooms downgraded Azek (AZEK) to Equal Weight from Overweight with a $58 price target after James Hardie (JHX) announced ...

The deal, which is valued at $8.75 billion, will provide a comprehensive range of product offerings for home exteriors ...

AZEK is based in Chicago. James Hardie shareholders will own about 74% of the combined company, with AZEK stockholders owning 26%. The combined company will sell siding, exterior trim, decking, ...

"We are uniting two highly complementary companies," said James Hardie Chief Executive Aaron Erter. The combined business will make products including siding, exterior trim, decking, railing and ...