AZEK has entered into a definitive agreement to buy Versatex Holdings, thus combining two of the leading producers of cellular PVC building products.
Versatex’s management team will remain and will continue operating the company’s plant in Aliquippa, Pa., Highlander Partners, the company’s owner, said in a press release issued May 29. Highlander has owned Versatex since September 2014.
In an AZEK-issued news release, CEO Jesse Singh said his company’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. Versatex’s focus on exterior trim and moldings will complement our presence in exterior decking, trim, mouldings and columns, and Versatex’s strength in sales execution will be a strong counterpart to our R&D and material science capabilities.”
“We are excited to enter into this agreement with AZEK, which is an ideal partner for us,” Versatex CEO John Pace said in Highlander’s news release. “Our companies have complementary strengths and a shared commitment to premium quality, customer service and product innovation. We thank Highlander for its tremendous support and look forward to working together with AZEK to address the opportunities that alternative materials offer the building envelope market.”
Founded in 2003, Versatex is best known for making PVC trimboards, molding profiles, and related exterior trim products. AZEK describes itself as the nation’s biggest premium decking company. It manufacturers under the AZEK and TimberTech brand names. Along with decking, it makes trim, rails, molding, porch products, and pavers.
