M&A Deal Summary

James Hardie Industries Acquires AZEK

On March 23, 2025, James Hardie Industries acquired building materials company AZEK for 8.8B USD

Acquisition Highlights
  • This is James Hardie Industries’ 2nd transaction in the Building Materials sector.
  • This is James Hardie Industries’ largest (disclosed) transaction.
  • This is James Hardie Industries’ 1st transaction in the United States.
  • This is James Hardie Industries’ 1st transaction in Illinois.

M&A Deal Summary

Date 2025-03-23
Target AZEK
Sector Building Materials
Buyer(s) James Hardie Industries
Deal Type Add-on Acquisition
Deal Value 8.8B USD
Advisor(s) Goldman Sachs (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

AZEK

Chicago, Illinois, United States
AZEK is a manufacturer of residential and commercial building products, and is committed to accelerating the use of recyclable materials. AZEK is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

James Hardie Industries

Dublin, Ireland

Category Company
Founded 1888
Sector Manufacturing
Employees6,000
Revenue 3.9B USD (2025)
DESCRIPTION

James Hardie Industries is a manufacturer fibre cement siding and backerboard. James Hardie Industries was founded in 1888 and is based in Dublin, Ireland.


DEAL STATS #
Overall 2 of 2
Sector: Building Materials M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-07 Fermacell

Duisburg, Germany

Fermacell GmbH is a fiber gypsum board manufacturer, with more than 70 percent share of the category, and also produces cement-bonded boards. Fermacell was founded in 1971 and is based in Duisburg, Germany.

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