• Combines world-class talent with shared cultures focused on providing winning solutions
• Unites highly complementary offerings of leading exterior brands, significantly expanding James Hardie's total addressable market
• Combination will capture significant commercial and cost synergies, accelerate James Hardie's revenue and EBITDA growth, and drive robust free cash flow generation

James Hardie Industries plc (NYSE / ASX: JHX) has successfully completed its acquisition of The AZEK Company ('AZEK') in a cash-and-stock transaction valued at $8.4 billion. The combination unites two complementary providers of exterior home and outdoor living solutions, creating a portfolio of high-performance, low-maintenance brands including Hardie, TimberTech, AZEK Exteriors, Versatex, StruXure, Ultralox and Intex. The acquisition is expected to capture significant commercial and cost synergies, accelerating James Hardie's revenue and EBITDA growth and driving robust free cash flow generation. James Hardie's executive leadership team will be expanded to include key AZEK executives, and the company's ordinary shares will now be listed on the NYSE in addition to the ASX. With the completion of the transaction, AZEK stock has ceased trading on the NYSE.

James Hardie expects to provide guidance regarding the anticipated contribution of the AZEK acquisition to its fiscal year 2026 financial results at the time of the company's first quarter earnings call.

The combination of James Hardie and AZEK creates a company with an accelerated growth rate, peer-leading profitability and robust cash generation. James Hardie intends to use its strong financial profile to support organic growth, deleverage and fund ongoing share repurchases.