AZEK's Trading Volume Surges 1736% to $12.81 Billion, Secures 50th Spot in Market Rankings as James Hardie Announces $8.75 Billion Acquisition

On March 24, 2025, AZEK's trading volume reached $12.81 billion, marking a significant 1736.06% increase from the previous day. This surge placed AZEK at the 50th position in the day's stock market rankings. AZEK's stock price rose by 17.32%.

James Hardie Industries, an Australian fiber-cement manufacturer, has announced its intention to acquire AZEK, a U.S.-based artificial decking company, for $8.75 billion. This acquisition is set to create a leading player in the outdoor building materials sector. Under the terms of the agreement, AZEK shareholders will receive $26.45 in cash and 1.0340 ordinary shares of James Hardie for each share they own, totaling $56.88 per share. This represents a 37% premium over AZEK’s closing price on Friday.

James Hardie's CEO, Aaron Erter, described the acquisition as an "extraordinary opportunity" to accelerate growth, enhance customer solutions, and drive shareholder value. The combined company is expected to see significant improvements in profitability and cash flow. The transaction is anticipated to close in the second half of this year.

AZEK is known for its TimberTech decking and railing, Versatex and AZEK Trim, and StruXure pergolas. James Hardie, on the other hand, is behind brands such as Hardie Plank, Hardie Panel, Hardie Trim, Cemboard, and Prevail. The acquisition is designed to provide James Hardie with faster revenue and earnings growth by expanding its product offerings to include a range of exterior products.