AZEK Building Products Completes Paver Investment
SCRANTON, Pa., Dec. 20, 2012 /PRNewswire/ -- In an agreement signed on Dec. 19, 2012, AZEK Building Products, a wholly owned subsidiary of CPG International, has completed the acquisition of VAST Enterprises, LLC ( Minneapolis, MN) manufacturers of AZEK Pavers (formerly AZEK VAST Pavers). In September 2011, AZEK Building Products had purchased an interest in VAST and, through a strategic alliance, marketed the pavers to AZEK's extensive distribution network.
"From the beginning we felt strongly that the pavers, from both a manufacturing and marketing aspect, were a good fit within our line of AZEK exterior, premium building products" said Jason Grommon, President of AZEK Building Products. "The AZEK name is synonymous with low-maintenance, exceptional performance and longevity and AZEK Pavers certainly meets all of those descriptions. The success and enthusiasm we have seen for AZEK Pavers as a replacement for traditional concrete and clay pavers is very exciting."
Manufactured with up to 95 percent post-consumer recycled rubber and some plastics, AZEK Pavers offer visual appeal, design flexibility, strength, and durability. The secret is an innovative grid system engineered to reduce installation time and effort. At one-third the weight of comparable concrete products, they are perfect for driveways, paths and patios and the resurface pavers work well for rooftops, balconies and decks. AZEK Pavers are available at lumberyards and landscape dealers throughout the US and Canada.
AZEK Pavers' manufacturing to date has diverted more than 7.5 million pounds of scrap rubber and plastics from U.S. landfills utilizing recycled material from more than 450,000 scrap tires and 13 million plastic containers. The manufacturing process also uses 95 percent less energy and produces 96 percent less in CO 2 emissions than conventional pavers. AZEK Pavers help projects earn LEED certification easier than any other pavement. For more information on AZEK Pavers, visit AZEK Building Products' website at www.azek.com.This acquisition completes a busy year for CPG International, AZEK Building Products' parent company, as they recently acquired TimberTech based in Wilmington, OH. These acquisitions further solidify CPG International and its subsidiaries as leading manufacturers of premium building products. For more information on CPG International, visit www.cpgint.com. About AZEK Building Products: With more than 25 years of cellular pvc manufacturing experience, AZEK Building Products makes and markets premium, low maintenance exterior building products under the AZEK brand such as AZEK Deck, the leading brand of low-maintenance decking, and AZEK Trim, the leading brand of low-maintenance trim. Other AZEK products include AZEK Mouldings, AZEK Porch, and AZEK Rail. All of these products offer tangible benefits as an ideal wood replacement product for a myriad of outdoor uses. For more information about AZEK Building Products, call 1-877-ASK-AZEK (275-2935) or visit the AZEK website at www.azek.com. SOURCE AZEK Building Products
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV