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Australian building products company James Hardie Industries is buying the U.S. outdoor products maker AZEK in a cash-and-stock deal valued at approximately $8.75 billion, including $386 million in debt.
It's the second major acquisition in the building supplies sector in less than a week, with QXO Inc. announcing on Thursday that it was buying Beacon Roofing Supply Inc. in a deal worth about $11 billion, including debt.
The U.S. housing market has been in a slump since 2022, when mortgage rat...
>>> Read more: Another massive deal in the building supply sector as James Hardie offers AZEK $8.75 billion
It's the second major acquisition in the building supplies sector in less than a week, with QXO Inc. announcing on Thursday that it was buying Beacon Roofing Supply Inc. in a deal worth about $11 billion, including debt.
The U.S. housing market has been in a slump since 2022, when mortgage rat...
>>> Read more: Another massive deal in the building supply sector as James Hardie offers AZEK $8.75 billion
