James Hardie acquires plastic flooring expert Azek for $8.75 billion.
Fiber-cement panel manufacturer James Hardie Industries plc acquired artificial flooring manufacturer Azek Co. Inc. for $8.75 billion.To进军 plastic market. 注：这里的“进军”在英文中通常表达为"enter"或"penetrate"，因此更准确的翻译可能是"To enter the plastic market." 或 "To penetrate the plastic market." 但由于"进军"在商业语境下通常直接翻译为"enter"，所以这里采用"To enter the plastic market."作为最终翻译。
The merged company will sell building products such as wall panels, exteriors, decks, railings, and canopies.
Azek is headquartered in Chicago and specializes in producing low-maintenance sustainable plastic building products. Its brands include TimberTech decks and railings, as well as Versatex and Azek trim.
James Hardie is headquartered in Ireland and has its headquarters in Chicago, USA. The company is said to be the world's largest manufacturer of fiber cement products.
"Board and deck consumers' journeys often overlap, with both companies excelling at creating demand for homeowners and providing innovative products and solutions for contractors," James Hardie CEO Aaron Erter said in a statement.
The transaction is currently planned to be completed in the second half of this year. Upon completion of the transaction, James Hardie and Azek shareholders will own approximately 74% and 26% of the combined company, respectively.
Editing: Carrie
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