James Hardie CEO: ‘An Extraordinary Opportunity’
James Hardie CEO Aaron Erter expressed enthusiasm for the deal, calling it a game-changer for both companies.
“This combination with AZEK is an extraordinary opportunity to accelerate our growth strategy, deliver enhanced and differentiated solutions to our customers, and drive shareholder value,” Erter said.
What This Means for the Building Products Industry
With AZEK under its umbrella, James Hardie’s total addressable market in North America will expand to a staggering $23 billion. The two companies, which collectively generated $5.9 billion in net sales in the 12 months ending Dec. 31, now stand poised to dominate the exterior home improvement sector.
AZEK CEO Jesse Singh echoed Erter’s optimism, emphasizing the long-term benefits for shareholders.
“Together with James Hardie, we are delivering value to AZEK shareholders and providing them meaningful participation in the long-term secular and financial growth opportunities created by the combined company,” Singh stated.
