AZEK® Building Products Announces Acquisition of WES, LLC
Leading manufacturer of premium residential decking acquires parent company of UltraLox Technologies and Harmony Railing
SKOKIE, Ill., Dec. 20, 2017 - AZEK Building Products, No. 1 in premium decking and a leading manufacturer of high performance, low-maintenance outdoor building materials under the AZEK® and TimberTech® brands, announced today an agreement to acquire WES, LLC. A leader in the aluminum railing industry, WES, LLC sells engineered railing systems and assembly machines under UltraLox, Harmony and other brands. The transaction is expected to close before Dec. 31, 2017.
"We are very excited to make this announcement and about what this transaction represents for both AZEK Building Products and UltraLox," said Jesse Singh, CEO of CPG International, AZEK Building Products' parent company. "While UltraLox will continue to operate as a separate company with its existing management team, we are bringing additional resources to support the growth of the company through enhanced service levels to its customers and ongoing product and market development. In addition, we expect to leverage the expertise of the UltraLox team in aluminum railing design and engineering to further develop the AZEK and TimberTech railing products."
The partnership will benefit consumers by offering a wider selection in railing products at various price points. Both companies will now also be able to leverage a combined knowledge of best practices in research, design and safety.
"I know I speak for the entire UltraLox team when I say that we are proud to be joining forces with AZEK Building Products," said Edward Peterson, SVP of Sales and Marketing for UltraLox. "For our customers, we will be in an even stronger position to help support their growth and business. And, for our employees, this opens up a range of potential future career growth opportunities."
Headquartered in Skokie, Illinois, just outside of Chicago, AZEK Building Products develops and manufactures advanced building materials engineered to be superior alternatives to wood and other traditional materials.
WES, LLC headquartered in Eagan, Minnesota is a leader in the development of aluminum railing, porch and patio products for the residential and commercial markets. In addition to finished rail systems sold under the Harmony and other brand names, the company developed and markets the UltraLox Interlocking™ machine that allows customers to assemble standard and custom aluminum railing for a wide array of applications.
About AZEK® Building Products:
AZEK Building Products is a leader in the development of premium, low maintenance exterior building products. Available to a worldwide audience, our product lines span AZEK Trim, Decking, Railing, Moulding, Porch, Pavers and Adhesives, as well as capped wood composite Decking and Railing under the TimberTech brand. Both brands, synonymous with quality and innovation and made in America, lead their market areas by continually reinventing product lines and redefining entire product categories. For more information about AZEK, visit www.azek.com. For more information on TimberTech, visit www.timbertech.com.
