Qualified Remodeler Magazine

JUN 2018

Qualified Remodeler helps independent remodeling firms to survive, become more professional and more profitable by providing must-have business information, namely best business practices, new product information and timely design ideas.

Issue link: https://qualifiedremodeler.epubxp.com/i/993338

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Page 9 of 59

10 June 2018 QR QualifiedRemodeler.com "It is our plan to maintain Versatex's go- to-market approach and existing distribu- tion model post-close," Singh added. John Pace, Versatex CEO, said, "Our companies have complementary strengths as well as a shared commitment to premium quality, customer service and product innovation. We look forward to working together with AZEK to address the opportunities that alternative materials offer the building envelope market." Terms of the transaction were not disclosed. "AZEK's acquisition of Versatex will further expand and diversify our broad portfolio of high-quality home exterior and outdoor living products that help contractors, builders, developers and homeowners beautify homes," said AZEK CEO Jesse Singh. "Versatex's focus on ex- terior trim and moldings will complement our presence in exterior decking, trim, moldings and columns, and Versatex's strength in sales execution will be a strong counterpart to our R&D and material sci- ence capabilities. ACQUISITION AZEK to buy Versatex The AZEK Company announced an agree- ment to acquire Versatex, a manufacturer of engineered cellular PVC products. The acquisition is intended to provide AZEK with an additional growth platform for expanding the company's building envelope offerings. Versatex, based in Pittsburgh, man- ufactures and sells exterior trim, sheet, moldings and other products with a range of building applications. A supply of Versatex products awaits cartage at the company's Aliquippa, Pa., headquarters on May 16, 2018. Photo: QR Staff IN BRIEF

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