Latham & Watkins Advises on James Hardie’s US$8.75 Billion Combination With AZEK

James Hardie Industries plc (ASX / NYSE: JHX), a leader in providing high-performance, low-maintenance building products and solutions, and The AZEK Company Inc. (NYSE: AZEK) (AZEK), a leading manufacturer of high-performance, low-maintenance, and environmentally sustainable outdoor living products, have announced entry into a definitive agreement under which James Hardie will acquire AZEK for a combination of cash and James Hardie shares with a total transaction value of US$8.75 billion, including AZEK’s net debt of approximately US$386 million as of December 31, 2024. Following the closing of the transaction, James Hardie will list its ordinary shares on the NYSE.

Latham & Watkins LLP represents Jefferies LLC as lead financial advisor to James Hardie in the transaction with a corporate team led by partner Robert Katz, with associates Taylor Ashton and William Anderson.