Innate Pharma Reports 55% Revenue Drop and €49.2M Net Loss for 2025 
Golden Dome Missile Defense: Anduril and Palantir Join Forces on Trump's $185B Space Shield 
Air Canada Express Crash at LaGuardia: Controller Distracted by Prior Emergency 
OpenAI Pulls the Plug on Sora, Ending $1 Billion Disney Partnership 
Finnair Orders 18 Embraer E195-E2 Jets in Landmark Fleet Overhaul 
Lynas Rare Earths Signs Vietnam Deal with LS Eco Energy to Boost Magnet Metal Production 
SLMG Beverages Eyes Price Hikes Amid Rising Packaging Costs and India's Booming Soft Drink Market 
NAB Plans to Cut 170 Jobs While Expanding Offshore Operations 
Rio Tinto's Resolution Copper Mine: U.S. Smelting Challenges and Global Operations Update 
Henkel in Advanced Talks to Acquire Olaplex at $2 Per Share 
Delivery Hero Sells Taiwan Foodpanda to Grab for $600 Million in Debt-Reduction Push 
Reflection AI Eyes $25 Billion Valuation in Massive $2.5 Billion Funding Round 
CK Hutchison's Panama Ports Dispute Escalates as Arbitration Claims Surpass $2 Billion 
Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation 
Global Flight Cancellations 2026: Middle East Air Travel Chaos Explained 
Explosion and Fire Erupt at Valero Oil Refinery in Port Arthur, Texas 
Meta Ties Executive Pay to Aggressive Stock Price Targets in Major Retention Push 
James Hardie Industries (NYSE:JHX, ASX:JHX), the world’s largest fiber cement producer, has announced a definitive agreement to acquire U.S.-based Azek Company Inc. (NYSE:AZEK) in a deal valued at $8.75 billion. This strategic move aims to significantly strengthen James Hardie’s footprint in North America.
Under the terms, Azek shareholders will receive $26.45 in cash and 1.0340 James Hardie shares per Azek share, totaling a value of $56.88 per share—representing a 37% premium to Azek’s last closing price. Post-acquisition, James Hardie shareholders will own approximately 74% of the combined entity, while Azek investors will hold the remaining 26%.
The acquisition aligns with James Hardie’s growth strategy by integrating Azek’s sustainable exterior building products—such as TimberTech decking and railing—with its core fiber cement offerings. The combined portfolio will position the company as a dominant player in exterior home improvement products. James Hardie projects at least $350 million in annual synergies and accelerated revenue growth from the deal.
CEO Aaron Erter stated the combined business will be poised to drive “sustained above market growth” across attractive housing segments. Despite the announcement, James Hardie shares dropped 11.3% to A$41.51 in early ASX trading, marking their lowest level since November 2023.
Upon closing—expected in the second half of 2025 pending regulatory approval—James Hardie will retain its CHESS Depositary Interest (CDI) listing on the ASX and begin listing its ordinary shares on the NYSE.
Azek, based in Chicago, is known for its eco-friendly building materials and strong presence in the U.S. market. This acquisition marks a major milestone in James Hardie’s ongoing transformation and growth within the sustainable construction space.
