James Hardie Industries Acquires AZEK Company

James Hardie Industries plc entered into a definitive agreement to acquire The AZEK Company Inc. in a cash-and-stock transaction valued at $8.75 billion, including AZEK’s net debt. The deal was financed through debt and bridge financing, with proceeds used to fund the acquisition and repay AZEK’s existing credit facilities. The acquisition was later completed, with AZEK delisting from the NYSE.