AZEKs trading volume plummets 51.47% to $299 million ranking 279th as James Hardie acquisition looms

On March 28, 2025, AZEK's trading volume was $299 million, a 51.47% decrease from the previous day, ranking 279th in the day's stock market. AZEK's stock price fell by 0.28%.

James Hardie has agreed to acquire AZEK in a deal valued at $8.75 billion. The transaction involves a combination of cash and James Hardie shares, with AZEK shareholders receiving $26.45 in cash and 1.0340 ordinary shares of James Hardie. This acquisition is expected to create a leading exterior and outdoor living brand, with the deal set to close in the second half of the year.

The acquisition is seen as a strategic move by James Hardie to enhance its product offerings and market presence in the outdoor living sector. The deal includes AZEK's net debt, making it a significant transaction in the industry. Analysts have noted that the acquisition could face challenges, particularly regarding the price and the fact that James Hardie is entering an industry with specific dynamics.