James Hardie Surges to 428th in Trading Volume with $215 Million Turnover Amid $8.75 Billion Acquisition of AZEK

On March 24, 2025, James Hardie (JHX) experienced a significant surge in trading volume, with a turnover of $215 million, marking a 5193.86% increase from the previous day. This substantial rise in trading activity placed James Hardie at the 428th position in the day's stock market rankings. However, the stock price of James Hardie fell by 17.18%.

James Hardie Industries announced its intention to acquire AZEK, a U.S.-based manufacturer of artificial decking, in a deal valued at $8.75 billion. This acquisition is set to create a leading platform for exterior and outdoor living building products, combining the strengths of both companies to achieve efficient scale and growth.

The transaction, which involves a mix of cash and stock, will see AZEK shareholders receive $26.45 in cash and 1.034 ordinary shares of James Hardie for each share of AZEK stock they own. The combined entity will offer a range of building products, including siding, exterior trim, decking, railing, and pergolas. James Hardie's ordinary shares will continue to be listed on the New York Stock Exchange upon the deal's closure, which is anticipated to occur in the second half of the year, pending shareholder approval from both companies.

James Hardie's CEO, Aaron Erter, highlighted the strategic alignment of the two companies, noting that the consumer journeys for siding and decking often overlap. Both companies have demonstrated excellence in demand creation for homeowners and in providing innovative products and solutions for contractors. This acquisition is expected to further enhance James Hardie's market presence and product offerings, positioning the company as a leader in the building products sector.