CPG International Inc.
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Public | |
Traded as | NYSE: AZEK |
ISIN | 🆔 |
Industry | Building Materials |
Founded 📆 | 1983 |
Founder 👔 | |
Headquarters 🏙️ | , Chicago, IL, U.S. |
Area served 🗺️ | |
Revenue🤑 | US$ 1.3 billion (2023)[1] |
US$ 131 million (2023)[1] | |
US$ 67 million (2023)[1] | |
Members | |
Number of employees | 2,236 (September 30, 2023)[2] |
🌐 Website | azekco |
📇 Address | |
📞 telephone | |
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]
History[edit]
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[edit]
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[edit]
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[edit]
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]
Awards and recognitions[edit]
- U.S. News & World Report Best Companies to Work For, 2024.[23]
- Best of IBS Finalist Most Innovative Building Material, 2024.[24]
- Real Leaders Impact Award, 2023, 2024.[25][26]
- Green Builder Sustainable Products of the Year, 2023, 2024.[27][28]
- Houzz Best of Design 2017-2024.[29][30]
- Zonda's JLC Brand Use Study, #1 Brands Most Used in composite/PVC decking (TimberTech), railing (TimberTech), and exterior trim (AZEK Exteriors), 2023.[31][32]
- USA Today Climate Leaders List, 2023.[33]
- Good Housekeeping Sustainable Innovation Award, 2023.[34]
- Good Housekeeping Home Reno Award, 2023.[35]
- Chicago Tribune Top Workplace, 2021-2023.[36][37][38]
- Newsweek America's Most Trusted Companies, 2022.[39]
- Cohnreznick ESG Gamechanger, 2022.[40]
- HBSDealer Gold Hammer Award, 2021, 2022.[41][42]
- INC. Magazine Best-Led Company, 2021.[43]
- Fast Company World Changing Ideas, 2021.[44]
References[edit]
- ↑ 1.0 1.1 1.2 "The AZEK Company Inc". 30 September 2023.
- ↑ "FORM 10-K: The AZEK Company". 30 September 2023.
- ↑ "'A lot of our momentum is from repair and remodel:' Azek CEO on earnings". Yahoo Finance. 2020-12-04. Retrieved 2024-04-05.
- ↑ "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.
- ↑ "The AZEK Company Inc. (AZEK)". Yahoo Finance.
- ↑ "Azek Purchasing Composatron". www.plasticnews.com. 2008-02-25. Retrieved 2024-04-18.
- ↑ "AZEK parent company reaches deal to acquire TimberTech | ProBuilder". www.probuilder.com. 2012-08-28. Retrieved 2024-10-03.
- ↑ Journal, L. B. M. (2017-12-21). "AZEK Building Products acquires parent of UltraLox, Harmony brands". LBM Journal. Retrieved 2024-04-05.
- ↑ Suttles, Chrissy. "Versatex to invest $40 million, create 80 new jobs in Beaver County". Beaver County Times. Retrieved 2024-10-03.
- ↑ 11.0 11.1 Writer, Staff. "The AZEK Co. acquires Return Polymers of Ashland". Ashland Times-Gazette. Retrieved 2024-04-05.
- ↑ "The AZEK Company Acquires StruXure Outdoor, Inc". www.nasdaq.com. 2022-01-04. Retrieved 2024-04-11.
- ↑ 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.
- ↑ Council, Vinyl Sustainability (2021-12-03). "Full-Circle: AZEK Disrupts PVC Recycling by Revolutionizing Takeback". Sustainable Brands. 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.
- ↑ 22.0 22.1 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.
- ↑ "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.
- ↑ "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.
- ↑ "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
- Business data for The AZEK Company: Bloomberg · Google · Reuters · Yahoo!
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