James Hardie Industries plc has signed a definitive agreement to acquire The AZEK Company Inc. for a combination of cash and James Hardie shares with a total transaction value of $8.75 billion, including AZEK’s net debt of approximately $386 million as of December 31, 2024.

Australian building products company James Hardie Industries is buying the US outdoor products maker AZEK in a cash-and-stock deal valued at approximately $8.75 billion.

Australian building products company James Hardie Industries is acquiring the U.S. outdoor products maker AZEK in a cash-and-stock deal valued at approximately $8.75 billion, which includes $386 million in debt.