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Draft:The AZEK Company

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CPG International Inc.
Company typePublic
NYSE: AZEK
IndustryBuilding Materials
Founded1983; 41 years ago (1983)
Headquarters
Chicago, IL, U.S.
RevenueIncrease US$ 1.3 billion (2023)[1]
Increase US$ 131 million (2023)[1]
Decrease US$ 67 million (2023)[1]
Number of employees
2,236 (September 30, 2023)[2]
Websiteazekco.com

The AZEK Company

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The AZEK Company is a manufacturer of wood-alternative composite and PVC outdoor living and building products for residential and commercial applications.[3][4] Headquartered in Chicago, IL, The AZEK Company operates manufacturing and recycling facilities across the United States.[5]

Company history

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Founded in 1983 in Scranton, PA, the company initially manufactured plastic sheet, trim, and moulding products, and over the years has made a series of acquisitions across residential and commerical outdoor living categories[6]:

  • 2002: Acquired Capitol and Santana Products - bathroom partitions
  • 2007: Acquired Procell Decking Systems - PVC decking
  • 2008: Acquired Composatron Manufacturing Inc. - railing[7]
  • 2012: Acquired TimberTech - composite decking and railing[8]
  • 2017: Acquired Ultralox - railing[9]
  • 2018: Acquired Versatex - trim[10]
  • 2020: Acquired Return Polymers - recycling operations[11]
  • 2022: Acquired StruXure - pergolas and cabanas[12]
  • 2022: Acquired Intex Millwork - railing[13]

Previously known as CPG International, the organization rebranded to The AZEK Company in 2018.[14] The company completed it's initial public offering on the New York Stock Exchange under the symbol "AZEK" in June 2020.[15]

AZEK announced the sale of its Vycom business to Plaskolite, LLC. in October 2023.[16]

Leadership

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Jesse Singh was named Chief Executive Officer and President of The AZEK Company in June 2016.[17] Peter Clifford joined AZEK as Senior Vice President and Chief Financial Officer in August 2021; he was named Chief Operations Officer in September 2023.[18] Gary Hendrickson is Chairman of The AZEK Company Board of Directors.[19]

Environmental considerations

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Following The AZEK Company's acquisition of Return Polymers in 2020, the company announced the launch of its FULL-CIRCLE PVC Recycling program that collects and recycles PVC scrap for reincorporation back into AZEK products like TimberTech decking and railing and AZEK Exteriors siding and trim.[11][20] In 2021, AZEK received +Vantage Vinyl verification.[21]

Fire resistance considerations

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In 2024, TimberTech Landmark and Vintage collections received an Ignition Resistant designation from the California State Fire Marshal.[22] TimberTech Landmark and Vintage collections, as well as AZEK Exteriors trim, shingle siding, and sheet have a Class A Flame Spread rating.[22]

Industry recognition

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References

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  1. ^ a b c "The AZEK Company Inc". 30 September 2023.
  2. ^ "FORM 10-K: The AZEK Company". 30 September 2023.
  3. ^ "'A lot of our momentum is from repair and remodel:' Azek CEO on earnings". Yahoo Finance. 2020-12-04. Retrieved 2024-04-05.
  4. ^ "Building products maker 'AZEK' jumps in trading debut". finance.yahoo.com. 2020-06-12. Retrieved 2024-04-05.
  5. ^ "Decking manufacturing company AZEK launches PVC recycling program". Yahoo Finance. 2020-11-16. Retrieved 2024-04-05.
  6. ^ "The AZEK Company Inc. (AZEK)". Yahoo Finance.
  7. ^ "Azek Purchasing Composatron". www.plasticnews.com. 2008-02-25. Retrieved 2024-04-18.
  8. ^ "AZEK parent company reaches deal to acquire TimberTech | ProBuilder". www.probuilder.com. 2012-08-28. Retrieved 2024-10-03.
  9. ^ Journal, L. B. M. (2017-12-21). "AZEK Building Products acquires parent of UltraLox, Harmony brands". LBM Journal. Retrieved 2024-04-05.
  10. ^ Suttles, Chrissy. "Versatex to invest $40 million, create 80 new jobs in Beaver County". Beaver County Times. Retrieved 2024-10-03.
  11. ^ a b Writer, Staff. "The AZEK Co. acquires Return Polymers of Ashland". Ashland Times-Gazette. Retrieved 2024-04-05.
  12. ^ "The AZEK Company Acquires StruXure Outdoor, Inc". www.nasdaq.com. 2022-01-04. Retrieved 2024-04-11.
  13. ^ MarketScreener (2022-08-04). "The AZEK Company Inc. completed the acquisition INTEX Millwork Solutions, LLC for $25.7 million. - MarketScreener". www.marketscreener.com. Retrieved 2024-04-18.
  14. ^ Journal, L. B. M. (2018-01-08). "CPG International rebrands as The AZEK Company". LBM Journal. Retrieved 2024-04-05.
  15. ^ "Chicago building products company Azek goes public, raises $765 million". www.bizjournals.com. 2020-06-12. Retrieved 2024-04-05.
  16. ^ "The AZEK® Company Announces Definitive Agreement to Sell Commercial Segment's Vycom Business to Plaskolite". Yahoo Finance. 2023-10-11. Retrieved 2024-04-05.
  17. ^ "CPG International names Jesse Singh as new CEO". www.reuters.com/. 2016-06-02. Retrieved 2024-04-05.
  18. ^ Datta, Tiyashi (2023-09-28). "The AZEK company announces Peter Clifford to take on dual role as COO and CFO". www.seekingalpha.com. Retrieved 2024-04-05.
  19. ^ "AZEK | AZEK Co. Inc. Company Profile & Executives - WSJ". www.wsj.com. Retrieved 2024-04-05.
  20. ^ Council, Vinyl Sustainability (2021-12-03). "Full-Circle: AZEK Disrupts PVC Recycling by Revolutionizing Takeback". Sustainable Brands. Retrieved 2024-04-10.
  21. ^ Thomas, Ethan (2023-07-19). "Vinyl Sustainability Council Recognizes 26 Companies That Have Become +Vantage Vinyl® Verified". Vantage Vinyl. Retrieved 2024-04-10.
  22. ^ a b Kavanaugh, Catherine (2024-04-18). "TimberTech PVC decking meets 'ignition resistant' criteria". www.plasticsnews.com. Retrieved 2024-04-18.
  23. ^ "The AZEK® Company Named in 2024 Best Companies to Work for List by U.S. News & World Report". Yahoo Finance. 2023-10-19. Retrieved 2024-04-10.
  24. ^ "Best of IBS Awards 2024 Finalists | IBS 2024". www.buildersshow.com. Retrieved 2024-04-10.
  25. ^ "Real Leaders Impact Awards 2023". real-leaders.com. Retrieved 2024-04-10.
  26. ^ "Impact Companies - Real Leaders". 2023-10-20. Retrieved 2024-04-10.
  27. ^ "Green Builder 2023 Sustainable Products of the Year". www.greenbuildermedia.com. Retrieved 2024-04-10.
  28. ^ "March-April 2024 Digital Issue: Sustainable Products of the Year". www.greenbuildermedia.com. Retrieved 2024-04-10.
  29. ^ "The AZEK Story | The AZEK Company". azekco.com. Retrieved 2024-04-10.
  30. ^ "Best of Houzz Award Winners". Houzz. Retrieved 2024-04-10.
  31. ^ "TimberTech and AZEK Brands Rank as Most Used by Contractors". Deck Specialist - A 526 Media Group Publication. 2023-08-18. Retrieved 2024-04-10.
  32. ^ "TimberTech® Decking, TimberTech Railing and AZEK® Exteriors Trim Ranked #1 Brands Most Used by Residential Contractors; TimberTech Decking Ranked Highest in Brand Quality, Stickiness". Yahoo Finance. 2023-08-17. Retrieved 2024-04-10.
  33. ^ "Climate change calls for cuts in carbon emissions. These US companies are leading the way". tangent.usatoday.com. 2023-05-24. Retrieved 2024-04-10.
  34. ^ "34 Sustainable Products You Need in Your Life". Good Housekeeping. 2023-03-21. Retrieved 2024-04-10.
  35. ^ "They're Here! Check Out the Winners of Our 2023 Home Renovation Awards". Good Housekeeping. 2023-09-29. Retrieved 2024-04-10.
  36. ^ "Chicago Top Workplaces 2021". Top Workplaces. Retrieved 2024-04-10.
  37. ^ "Chicago Top Workplaces 2022". Top Workplaces. Retrieved 2024-04-10.
  38. ^ "Chicago Top Workplaces 2023". Top Workplaces. Retrieved 2024-04-10.
  39. ^ Newsweek (2022-03-20). "America's Most Trustworthy Companies 2022". Newsweek. Retrieved 2024-04-10.
  40. ^ "CohnReznick's Gamechangers in ESG Award Winners". CohnReznick. Retrieved 2024-04-10.
  41. ^ Staff, HBSDealer. "Products deemed 'Golden Hammer' worthy". HBS Dealer. Retrieved 2024-04-10.
  42. ^ Staff, HBSDealer. "Golden Hammer strikes for innovative products". HBS Dealer. Retrieved 2024-04-10.
  43. ^ "Best-Led Companies of 2021". www.inc.com. Retrieved 2024-04-10.
  44. ^ "World Changing Ideas Awards 2021: General Excellence Finalists and Honorable Mentions". www.fastcompany.com. 2021-05-04. Retrieved 2024-04-10.
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