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Company type | Public |
---|---|
NYSE: AZEK | |
Industry | Building Materials |
Founded | 1983 |
Headquarters | Chicago, IL, U.S. |
Revenue | US$ 1.3 billion (2023)[1] |
US$ 131 million (2023)[1] | |
US$ 67 million (2023)[1] | |
Number of employees | 2,236 (September 30, 2023)[2] |
Website | azekco |
The AZEK Company
editThe 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][6]
Company history
editFounded in 1983 in Scranton, PA, the company initially manufactured plastic sheet, trim, and moulding products; all used primarily as wood-alternative building materials[7]. Since 2002, The AZEK Company has made a series of acquisitions in the outdoor living category:
- 2002: Acquired Capitol and Santana Products - bathroom partitions[7]
- 2007: Acquired Procell Decking Systems - PVC decking[7]
- 2008: Acquired Composatron Manufacturing Inc. - railing[8]
- 2012: Acquired TimberTech - composite decking and railing[9][10]
- 2017: Acquired Ultralox - railing[11]
- 2018: Acquired Versatex - trim[12]
- 2020: Acquired Return Polymers - recycling operations[13]
- 2022: Acquired StruXure - pergolas and cabanas[14]
- 2022: Acquired Intex Millwork - railing[15]
Previously known as CPG International, the organization rebranded to The AZEK Company in 2018.[16] The company completed it's initial public offering on the New York Stock Exchange under the symbol "AZEK" in June 2020.[17]
AZEK announced the sale of its Vycom business to Plaskolite, LLC. in October 2023.[18]
Leadership
editJesse Singh was named Chief Executive Officer and President of The AZEK Company in June 2016.[19] Peter Clifford joined AZEK as Senior Vice President and Chief Financial Officer in August 2021; he was named Chief Operations Officer in September 2023.[20] Gary Hendrickson is Chairman of The AZEK Company Board of Directors.[21]
Main business units
editThe AZEK Company manufactures outdoor living and building products for residential and commercial applications under several brands:[3][4]
- TimberTech manufactures composite and PVC deck, porch, and dock boards, and railing for outdoor applications.[22][23] TimberTech boards can also be used in cladding and rainscreen applications.[24]
- AZEK Exteriors manufactures PVC siding, trim, column wraps, and moulding.[22][25]
- Versatex manufactures PVC siding, trim, and moulding.[12]
- Intex manufactures railing, column warps, pergolas, and custom millwork products from cellular PVC.[15]
- Ultralox manufactures railing systems.[11]
- StruXure manufactures aluminum pergolas and cabanas.[14]
Environmental considerations
editFollowing 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.[13][26] This program is part of the company's pledge to recycle 1 billion pounds of material annually.[27] In 2021, AZEK received +Vantage Vinyl verification; a voluntary sustainability initiative meant to forward the U.S. vinyl industry's contributions to sustainable development.[28][29]
Fire resistance considerations
editTimberTech Landmark and Vintage collections as well as AZEK Exteriors trim, shingle siding, and sheet have a Class A Flame Spread rating, a measure of how quickly material ignites and spreads flame.[30][31] All TimberTech Advanced PVC collections as well as Reserve and Premier Composite collections are WUI-Compliant; a designation for materials that resist flame spread and catching fire due to flying embers.[32][33]
In 2024, TimberTech Landmark and Vintage collections received an Ignition Resistant designation from the California State Fire Marshal; this designation refers to building materials that resist catching fire or easily burning and may slow the spread of flames.[34]
Industry recognition
edit- U.S. News & World Report Best Companies to Work For, 2024.[35]
- Best of IBS Finalist Most Innovative Building Material, 2024.[36]
- Real Leaders Impact Award, 2023, 2024.[37][38]
- Green Builder Sustainable Products of the Year, 2023, 2024.[39][40]
- Houzz Best of Design 2017-2024.[41][42]
- Zonda's JLC Brand Use Study, #1 Brands Most Used in composite/PVC decking (TimberTech), railing (TimberTech), and exterior trim (AZEK Exteriors), 2023.[43][22]
- USA Today Climate Leaders List, 2023.[44]
- Good Housekeeping Sustainable Innovation Award, 2023.[45]
- Good Housekeeping Home Reno Award, 2023.[46]
- Chicago Tribune Top Workplace, 2021-2023.[47][48][49]
- Newsweek America's Most Trusted Companies, 2022.[50]
- Architizer A+ Product Award, 2022.[51]
- Cohnreznick ESG Gamechanger, 2022.[52]
- HBSDealer Gold Hammer Award, 2021, 2022.[53][54]
- INC. Magazine Best-Led Company, 2021.[55]
- Fast Company World Changing Ideas, 2021.[56]
References
edit- ^ a b c "The AZEK Company Inc". 30 September 2023.
- ^ "FORM 10-K: The AZEK Company". 30 September 2023.
- ^ a b "'A lot of our momentum is from repair and remodel:' Azek CEO on earnings". Yahoo Finance. 2020-12-04. Retrieved 2024-04-05.
- ^ a b "Building products maker 'AZEK' jumps in trading debut". finance.yahoo.com. 2020-06-12. Retrieved 2024-04-05.
- ^ "Decking manufacturing company AZEK launches PVC recycling program". Yahoo Finance. 2020-11-16. Retrieved 2024-04-05.
- ^ "AZEK Building Products | The AZEK Company". azekco.com. Retrieved 2024-04-05.
- ^ a b c "FORM 8-K: CPG INTERNATIONAL INC". www.sec.gov. 2007-02-02. Retrieved 2024-04-05.
- ^ "Azek Purchasing Composatron". www.plasticnews.com. 2008-02-25. Retrieved 2024-04-18.
- ^ "TimberTech to be acquired". www.plasticstoday.com. Retrieved 2024-04-05.
- ^ kbetz@solagroup.com (2012-08-28). "AZEK and TimberTech to Join Forces". Residential Design. Retrieved 2024-04-05.
- ^ a b Journal, L. B. M. (2017-12-21). "AZEK Building Products acquires parent of UltraLox, Harmony brands". LBM Journal. Retrieved 2024-04-05.
- ^ a b Company, The AZEK. "The AZEK Company Completes Acquisition Of Versatex". www.prnewswire.com (Press release). Retrieved 2024-04-05.
- ^ a b Writer, Staff. "The AZEK Co. acquires Return Polymers of Ashland". Ashland Times-Gazette. Retrieved 2024-04-05.
- ^ a b "The AZEK Company Acquires StruXure Outdoor, Inc". www.nasdaq.com. 2022-01-04. Retrieved 2024-04-11.
- ^ a b 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.
- ^ Journal, L. B. M. (2018-01-08). "CPG International rebrands as The AZEK Company". LBM Journal. Retrieved 2024-04-05.
- ^ "Chicago building products company Azek goes public, raises $765 million". www.bizjournals.com. 2020-06-12. Retrieved 2024-04-05.
- ^ "The AZEK® Company Announces Definitive Agreement to Sell Commercial Segment's Vycom Business to Plaskolite". Yahoo Finance. 2023-10-11. Retrieved 2024-04-05.
- ^ "CPG International names Jesse Singh as new CEO". www.reuters.com/. 2016-06-02. Retrieved 2024-04-05.
- ^ 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.
- ^ "AZEK | AZEK Co. Inc. Company Profile & Executives - WSJ". www.wsj.com. Retrieved 2024-04-05.
- ^ a b c "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.
- ^ "A Timeless Renovation, Part Two: Deck Upgrade". Lonny. 2023-11-17. Retrieved 2024-04-11.
- ^ "They're Here! Check Out the Winners of Our 2023 Home Renovation Awards". Good Housekeeping. 2023-09-29. Retrieved 2024-04-11.
- ^ Kavanaugh, Catherine (2019-03-11). "PVC trim makers offer new qualities to compete". www.plasticsnews.com. Retrieved 2024-04-11.
- ^ Council, Vinyl Sustainability (2021-12-03). "Full-Circle: AZEK Disrupts PVC Recycling by Revolutionizing Takeback". Sustainable Brands. Retrieved 2024-04-10.
- ^ "The AZEK® Company Publishes 2022 FULL-CIRCLE ESG Report, Demonstrating Commitment to Always Doing the Right Thing and Taking Action to Create a More Sustainable, Circular Future". Yahoo Finance. 2023-08-03. Retrieved 2024-04-10.
- ^ Thomas, Ethan (2023-07-19). "Vinyl Sustainability Council Recognizes 26 Companies That Have Become +Vantage Vinyl® Verified". Vantage Vinyl. Retrieved 2024-04-10.
- ^ "The AZEK Company® Receives +Vantage Vinyl™ Verification, Demonstrating Leadership Across Three Guiding Principles: Resource Recovery, Emissions, and Health & Safety". investors.azekco.com. 2021-07-12. Retrieved 2024-04-10.
- ^ Quarles, Stephen (2009-04-01). "Fire-Safe Decking". www.jlconline.com. Retrieved 2024-04-10.
- ^ Products, AZEK Building. "AZEK Deck's Innovative Vintage Collection® Receives Class "A" Flame Spread Index". www.prnewswire.com (Press release). Retrieved 2024-04-10.
- ^ "Technical Resources". TimberTech. Retrieved 2024-04-10.
- ^ "AZEK Technical Resources for Decking, Railing, Trim & Porch". azekexteriors.com. Retrieved 2024-04-10.
- ^ Kavanaugh, Catherine (2024-04-18). "TimberTech PVC decking meets 'ignition resistant' criteria". www.plasticsnews.com. Retrieved 2024-04-18.
- ^ "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.
- ^ "Best of IBS Awards 2024 Finalists | IBS 2024". www.buildersshow.com. Retrieved 2024-04-10.
- ^ "Real Leaders Impact Awards 2023". real-leaders.com. Retrieved 2024-04-10.
- ^ "Impact Companies - Real Leaders". 2023-10-20. Retrieved 2024-04-10.
- ^ "Green Builder 2023 Sustainable Products of the Year". www.greenbuildermedia.com. Retrieved 2024-04-10.
- ^ "March-April 2024 Digital Issue: Sustainable Products of the Year". www.greenbuildermedia.com. Retrieved 2024-04-10.
- ^ "The AZEK Story | The AZEK Company". azekco.com. Retrieved 2024-04-10.
- ^ "Best of Houzz Award Winners". Houzz. Retrieved 2024-04-10.
- ^ "TimberTech and AZEK Brands Rank as Most Used by Contractors". Deck Specialist - A 526 Media Group Publication. 2023-08-18. Retrieved 2024-04-10.
- ^ "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 Sustainable Products You Need in Your Life". Good Housekeeping. 2023-03-21. Retrieved 2024-04-10.
- ^ "They're Here! Check Out the Winners of Our 2023 Home Renovation Awards". Good Housekeeping. 2023-09-29. Retrieved 2024-04-10.
- ^ "Chicago Top Workplaces 2021". Top Workplaces. Retrieved 2024-04-10.
- ^ "Chicago Top Workplaces 2022". Top Workplaces. Retrieved 2024-04-10.
- ^ "Chicago Top Workplaces 2023". Top Workplaces. Retrieved 2024-04-10.
- ^ Newsweek (2022-03-20). "America's Most Trustworthy Companies 2022". Newsweek. Retrieved 2024-04-10.
- ^ "2022 Products Winners - Architizer A+Awards". winners.architizer.com. Retrieved 2024-04-10.
- ^ "CohnReznick's Gamechangers in ESG Award Winners". CohnReznick. Retrieved 2024-04-10.
- ^ Staff, HBSDealer. "Products deemed 'Golden Hammer' worthy". HBS Dealer. Retrieved 2024-04-10.
- ^ Staff, HBSDealer. "Golden Hammer strikes for innovative products". HBS Dealer. Retrieved 2024-04-10.
- ^ "Best-Led Companies of 2021". www.inc.com. Retrieved 2024-04-10.
- ^ "World Changing Ideas Awards 2021: General Excellence Finalists and Honorable Mentions". www.fastcompany.com. 2021-05-04. Retrieved 2024-04-10.
External Links
edit- Official website
- +Vantage Vinyl
- Business data for The AZEK Company: Bloomberg · Google · Reuters · Yahoo!