James Hardie Industries to acquire AZEK Company for $8.75bn.

James Hardie Industries, a global building materials company and a manufacturer of fibre cement products, agreed to acquire AZEK Company, a manufacturer of wood decking, pergolas and outdoor living products, for $8.75bn. "Given the substantial opportunity to drive synergies and James Hardie and AZEK’s shared discipline around operational efficiency, we expect to significantly enhance the combined company’s profitability and cash flow," Aaron Erter, James Hardie Industries CEO.