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Business Wire
4 days ago
- Business
- Business Wire
The AZEK ® Company Announces Sale of Commercial Segment's Scranton Products Business to Sky Island Capital
CHICAGO--(BUSINESS WIRE)-- The AZEK Company Inc. (NYSE: AZEK) ("AZEK" or the 'Company'), the industry-leading manufacturer of beautiful, low-maintenance and environmentally sustainable outdoor living products, including TimberTech® Decking and Railing, AZEK® and Versatex® Trim, and StruXure® pergolas, today announced the completion of its divestiture of Scranton Products, a division of its Commercial segment, to Sky Island Capital, a private equity firm focused on partnering exclusively with privately-held manufacturing companies. 'Today marks an exciting new chapter for the Scranton Products team,' said Jonathan Skelly, President, Residential and Commercial at The AZEK Company. 'We believe Sky Island brings the vision and focus needed to accelerate Scranton Products' growth and success in the commercial space. With a legacy dating back to 1978, Scranton Products has long been a market leader in high-quality HDPE plastic solutions. We are deeply grateful for their contributions to our business and confident they will continue to lead the industry in durable bathroom partitions and lockers.' Rob Donlon, who has been with Scranton Products for over 20 years and currently serves as Vice President and General Manager, will remain in his leadership role as the business transitions under new ownership. His deep experience and commitment to Scranton Products will continue to guide the team through this next chapter. 'We're proud to join forces with the Scranton Products team,' said Jack Waterstreet, Managing Partner at Sky Island Capital. 'Their track record and market reputation speak for themselves, and we look forward to helping the company unlock its next phase of growth.' Sky Island Capital serves as a resource and strategic partner of manufacturing companies with one goal in mind – growth. Their team has worked with more than 50 manufacturing companies, not only as strategic partners, but also as day-to-day operators. They work in a variety of sectors, including advanced materials, industrial products, and technology. Scranton Products will continue to operate from its current location, ensuring continuity for its employees, customers, and partners. William Blair & Company acted as financial advisor, and Latham & Watkins LLP acted as legal advisor, to The AZEK Company in the sale of Scranton Products to Sky Island Capital. For more information on Scranton Products, visit About The AZEK® Company The AZEK Company Inc. (NYSE: AZEK) is the industry-leading designer and manufacturer of beautiful, low maintenance and environmentally sustainable outdoor living products, including TimberTech® decking and railing, AZEK® and Versatex® Trim, and StruXure® pergolas. Consistently awarded and recognized as the market leader in innovation, quality, aesthetics and sustainability, our products are made from up to 85% recycled material and primarily replace wood on the outside of homes, providing a long-lasting, eco-friendly, and stylish solution to consumers. Leveraging the talents of its approximately 2,000 employees and the strength of relationships across its value chain, The AZEK Company is committed to accelerating the use of recycled material in the manufacturing of its innovative products, keeping hundreds of millions of pounds of waste and scrap out of landfills each year, and revolutionizing the industry to create a more sustainable future. The AZEK Company has recently been named one of America's Most Responsible Companies by Newsweek, a Top Workplace by the Chicago Tribune and U.S. News and World Report, one of Barron's 100 Most Sustainable U.S. Companies, one of TIME's World's Best Companies in Sustainable Growth for 2025, and celebrated in Fast Company's 2024 Brands That Matter list, where TimberTech was highlighted as a benchmark brand. Headquartered in Chicago, Illinois, the company operates manufacturing and recycling facilities in Ohio, Pennsylvania, Idaho, Georgia, Nevada, New Jersey, Michigan, Minnesota and Texas.
Business Wire
10-06-2025
- Business
- Business Wire
AZEK Exteriors Celebrates 25 Years of Innovation with a Legacy of High-Performance, Low-Maintenance Building Solutions
CHICAGO--(BUSINESS WIRE)-- The AZEK Company Inc. (NYSE: AZEK) ("AZEK" or the 'Company'), the industry-leading manufacturer of beautiful, low-maintenance and environmentally sustainable outdoor living products, including TimberTech ® Decking and Railing, AZEK ® and Versatex ® Trim, and StruXure ® pergolas, proudly celebrates the 25th anniversary of AZEK ® Trim and a legacy of pioneering innovation in durable home exterior products. As the original innovator and still the #1 choice among professionals, AZEK revolutionized the market in 1999 with the introduction of PVC trim — a first of its kind, durable, rot-resistant alternative to traditional wood trim that continues to define best-in-class performance today. 'For 25 years, AZEK has set the standard for innovation, craftsmanship, and trust,' said Jonathan Skelly, President, Residential and Commercial of The AZEK Company. 'We've earned the confidence of pros, architects, and homeowners alike by delivering products that offer enduring beauty, unmatched durability, and peace of mind. From AZEK Trim and Mouldings to TimberTech Decking, Railing, and Cladding, our innovation is driven by listening to the needs of our customers and creating high-performance, low-maintenance solutions that help people build better, longer-lasting homes—saving time, reducing maintenance, and delivering long-term value—while also meeting the demands of tomorrow with style, performance, and resilience.' A Legacy of Trust and Performance AZEK Trim sets the standard for exterior trim—offering a rare combination of performance, sustainability, and durability. Made from up to 40% recycled PVC content, it reduces environmental impact while delivering the high-quality aesthetics pros and homeowners expect. Its Class A Flame Spread rating adds a layer of protection—especially critical as fire resilience becomes a growing priority in residential design. And with products featuring proprietary PaintPro ® Technology, AZEK Trim is easier and faster to finish, requiring no priming and delivering superior paint adhesion and long-lasting results. In an industry where reputation matters, AZEK Trim remains the #1 product pros trust and homeowners request. With proven performance that helps protect homes from the elements — and protect contractors from costly callbacks — AZEK continues to lead the movement toward resilient, sustainable, and low-maintenance homes. 'Our success over 25 years isn't just about what we've built—it's about the relationships we've built along the way,' said Nam Ong, General Manager of AZEK Exteriors. 'The loyalty of our distributors, dealers, architects, builders, and contractors has been vital to our growth and continued innovation. We're incredibly grateful to work with such committed partners who are as passionate about better ways of working as we are.' As AZEK looks ahead, the next 25 years will continue to build on this foundation of innovation, performance, and trust. For more on AZEK's 25-year history and the latest exterior innovations, visit Celebrating 25 Years with the Community: Photo Contest Now Open As part of the 25-year milestone, AZEK is inviting contractors, architects, builders, remodelers and homeowners to participate in a nationwide photo contest* celebrating the lasting impact of AZEK's high-performance products. Participants are asked to submit before-and-after photos and a brief project description showcasing a home that was deteriorating with competitive materials and revitalized using AZEK Trim, Moulding, or Siding. Three winners will be selected mid-August to receive $10,000 in AZEK product credits toward a future project, along with a professional photoshoot of their winning transformation. For full contest details and entry information, visit: * NO PURCH. NECESSARY. Open to professional contractors, builders, and remodelers 18+ in 50 US/DC. Ends 07/31/25 at 11:59:00 pm EDT. Void where prohibited. Sponsor: The AZEK Group LLC 1330 W Fulton St., Unit 350, Chicago, IL 60607 About The AZEK ® Company The AZEK Company Inc. (NYSE: AZEK) is the industry-leading designer and manufacturer of beautiful, low maintenance and environmentally sustainable outdoor living products, including TimberTech ® decking and railing, AZEK ® and Versatex ® Trim, and StruXure ® pergolas. Consistently awarded and recognized as the market leader in innovation, quality, aesthetics and sustainability, our products are made from up to 85% recycled material and primarily replace wood on the outside of homes, providing a long-lasting, eco-friendly, and stylish solution to consumers. Leveraging the talents of its approximately 2,000 employees and the strength of relationships across its value chain, The AZEK Company is committed to accelerating the use of recycled material in the manufacturing of its innovative products, keeping hundreds of millions of pounds of waste and scrap out of landfills each year, and revolutionizing the industry to create a more sustainable future. The AZEK Company has recently been named one of America's Most Responsible Companies by Newsweek, a Top Workplace by the Chicago Tribune and U.S. News and World Report, one of Barron's 100 Most Sustainable U.S. Companies, one of TIME's World's Best Companies in Sustainable Growth for 2025, and celebrated in Fast Company's 2024 Brands That Matter list, where TimberTech was highlighted as a benchmark brand. Headquartered in Chicago, Illinois, the company operates manufacturing and recycling facilities in Ohio, Pennsylvania, Idaho, Georgia, Nevada, New Jersey, Michigan, Minnesota and Texas.
Yahoo
01-05-2025
- Business
- Yahoo
The AZEK Company Achieves Validation of GHG Reduction Targets by the Science Based Targets initiative
CHICAGO, May 01, 2025--(BUSINESS WIRE)--The AZEK Company Inc. (NYSE: AZEK) ("AZEK" or the "Company"), the industry-leading manufacturer of beautiful, low-maintenance and environmentally sustainable outdoor living products, including TimberTech® Decking and Railing, Versatex® and AZEK Trim®, and StruXure® pergolas, today announced that the Science Based Targets initiative (SBTi) has validated AZEK's near-term science-based targets for reducing greenhouse gas (GHG) emissions. This validation marks a significant milestone in AZEK's ongoing efforts to advance sustainability, circularity and climate action in line with a trajectory to limit global warming to 1.5 degrees Celsius. AZEK's validated targets are: To reduce absolute scope 1 and 2 GHG emissions 42% by FY2030 from a FY2021 base year. To reduce scope 3 GHG emissions from purchased goods and services 63.8% per pound of raw material procured by FY2034 from a FY2021 base year. "At AZEK, we believe that innovation and sustainability go hand-in-hand—and the SBTi's approval of our near-term GHG reduction targets is a major milestone in our journey to create a more sustainable future," said Amanda Cimaglia, Vice President – Corporate Affairs of The AZEK Company. "This achievement is consistent with our core value of always doing the right thing and reflects our commitment to positively impacting products, people and the planet. As we look ahead, we believe continuing to accelerate the use of recycled materials across our product portfolio represents the greatest opportunity to meaningfully reduce our emissions while continuing to drive innovation and growth." The SBTi is a global organization that has enabled over 7,600 companies worldwide to set science-based targets in line with the latest climate science. AZEK's validation marks another significant step in the Company's FULL-CIRCLE sustainability strategy, which includes increasing the use of recycled materials, reducing operational emissions, developing durable, sustainable outdoor living products, and promoting circularity across its value chain. To learn more about AZEK's sustainability initiatives, please visit About The AZEK® Company The AZEK Company Inc. (NYSE: AZEK) is the industry-leading designer and manufacturer of beautiful, low maintenance and environmentally sustainable outdoor living products, including TimberTech® decking and railing, Versatex® and AZEK® Trim, and StruXure® pergolas. Consistently awarded and recognized as the market leader in innovation, quality, aesthetics and sustainability, our products are made from up to 85% recycled material and primarily replace wood on the outside of homes, providing a long-lasting, eco-friendly, and stylish solution to consumers. Leveraging the talents of its approximately 2,000 employees and the strength of relationships across its value chain, The AZEK Company is committed to accelerating the use of recycled material in the manufacturing of its innovative products, keeping hundreds of millions of pounds of waste and scrap out of landfills each year, and revolutionizing the industry to create a more sustainable future. The AZEK Company has recently been named one of America's Most Responsible Companies by Newsweek, a Top Workplace by the Chicago Tribune and U.S. News and World Report, one of Barron's 100 Most Sustainable U.S. Companies, one of TIME's World's Best Companies in Sustainable Growth for 2025, and celebrated in Fast Company's 2024 Brands That Matter list, where TimberTech was highlighted as a benchmark brand. Headquartered in Chicago, Illinois, the company operates manufacturing and recycling facilities in Ohio, Pennsylvania, Idaho, Georgia, Nevada, New Jersey, Michigan, Minnesota and Texas. SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements within the meaning of applicable securities laws. All statements other than statements of historical facts, including statements regarding future operations, are forward-looking statements. In some cases, forward-looking statements may be identified by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "could," "would," "expect," "objective," "plan," "potential," "seek," "grow," "target," "if," or the negative of these terms and similar expressions. Other forward-looking statements may include, without limitation, statements with respect to our ability to meet the future targets and goals we establish, including our sustainability-related targets and the ultimate impact of our actions on our business as well as the expected benefits to the environment, our employees, and our communities; statements about our future expansion plans, capital investments, capacity targets and other future strategic initiatives; statements about any stock repurchase plans; statements about potential new products and product innovation; statements regarding the potential impact of global events; statements about future pricing for our products or our raw materials and our ability to offset increases to our raw material costs and other inflationary pressures; statements about the markets in which we operate and the economy more generally, including inflation and interest rates, supply and demand balance, growth of our various markets and growth in the use of engineered products as well as our ability to share in such growth; statements about our production levels; and all other statements with respect to our expectations, beliefs, plans, strategies, objectives, prospects, assumptions or future events or performance contained in this press release are forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described in our Annual Reports on Form 10-K and Form 10-K/A, Quarterly Reports on Form 10-Q and in our other filings with the U.S. Securities and Exchange Commission. Moreover, new risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially and adversely from those contained in any forward-looking statements we may make. You should read this press release with the understanding that our actual future results, levels of activity, performance and events and circumstances may be materially different from what we expect and should not place undue reliance on forward-looking statements. These statements are based on information available to us as of the date of this press release. While we believe that such information provides a reasonable basis for these statements, such information may be limited or incomplete. Our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all relevant information. We disclaim any intention and undertake no obligation to update or revise any of our forward-looking statements after the date of this press release, except as required by law. View source version on Contacts Media Contact: Amanda Cimaglia312-809-1093media@ Sign in to access your portfolio
