James Hardie ( (AU:JHX) ) has issued an update.
James Hardie Industries has announced a definitive agreement to acquire The AZEK Company for $8.75 billion, creating a leading building products growth platform. This strategic move is expected to significantly expand James Hardie’s market reach, accelerate revenue growth, and enhance profitability through synergies, positioning the combined company as a leader in the exterior and outdoor living product categories.
More about James Hardie
James Hardie Industries is a leader in providing high-performance, low-maintenance building products and solutions. The company focuses on exterior and outdoor living products, including siding, exterior trim, decking, railing, and pergolas. The AZEK Company is known for its high-performance, low-maintenance, and environmentally sustainable outdoor living products.
YTD Price Performance: -4.13%
Average Trading Volume: 16,274
Technical Sentiment Signal: Buy
Current Market Cap: $12.63B
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