The AZEK® Company Completes Sale of Commercial Segment’s Vycom Business to Plaskolite, Announces Leadership Updates for Residential and Commercial Businesses
01 Novembro 2023 - 5:05PM
Business Wire
The AZEK Company Inc. (NYSE: AZEK) ("AZEK" or the “Company”),
the industry-leading manufacturer of beautiful, low-maintenance and
environmentally sustainable outdoor living products, including
TimberTech® decking and railing, Versatex® and AZEK® Trim, and
StruXure™ pergolas, today completed the previously announced
divestiture of its Vycom business, a division of its Commercial
segment, to Ohio-based Plaskolite, LLC, a global leader in the
manufacturing of engineering thermoplastics.
Additional information regarding the transaction is accessible
via the Events & Presentations section of the Company’s
website: https://investors.azekco.com/events-and-presentations/ and
the transaction will be discussed during AZEK’s fiscal fourth
quarter and full-year earnings call on November 28, 2023.
In connection with the sale of Vycom, AZEK also announced that
Jonathan Skelly has been appointed President, Residential and
Commercial. In this expanded role, Mr. Skelly assumes
responsibility for AZEK’s Commercial business and will continue to
lead the Residential organization.
“Since joining AZEK in 2018, Jon has demonstrated a strong track
record of success in both developing and delivering against our
short- and long-term strategic objectives. His invaluable
leadership within the organization has positioned us to win and
gain share in our core markets,” said AZEK CEO Jesse Singh.
Mr. Skelly has over 20 years of strategy, mergers and
acquisitions, sales, customer service and business development
experience. Prior to joining AZEK in 2018, Mr. Skelly served as
Vice President of Corporate Development for W.W. Grainger, Inc., an
industrial supply company. Mr. Skelly has also held a variety of
leadership positions at The Home Depot Inc. and Hughes Supply,
Inc.
AZEK also announced that Scott Van Winter will continue leading
operations in Scranton, as President of Scranton Products. “Scott
has played an instrumental role in expertly navigating the
divestiture of the Vycom business. His demonstrated leadership,
adaptability and deep understanding of the industry continues to
make a positive impact across the organization,” continued
Singh.
With more than 30 years of experience in the performance
polymers industry, Mr. Van Winter most recently served as AZEK’s
President, Commercial. He previously served as Chief Executive
Officer and Executive Vice President at Jindal Films Americas, LLC,
a leader in the development and manufacture of specialty films.
Prior to joining Jindal Films America, Mr. Van Winter held various
leadership positions at Toray Plastics (America), Inc. and Alcoa
KAMA Co.
About The AZEK® Company
The AZEK Company Inc. (NYSE: AZEK) is the industry-leading
designer and manufacturer of beautiful, low maintenance and
environmentally sustainable outdoor living products, including
TimberTech® decking and railing, Versatex® and AZEK Trim® and
StruXure™ pergolas. Consistently recognized as a market leader in
innovation, quality and aesthetics, products across AZEK’s
portfolio are made from up to approximately 90% recycled material
and primarily replace wood on the outside of homes, providing a
long-lasting, eco-friendly and stylish solution to consumers.
Leveraging the talents of its approximately 2,000 employees and the
strength of relationships across its value chain, The AZEK Company
is committed to accelerating the use of recycled material in the
manufacturing of its innovative products, keeping millions of
pounds of waste out of landfills each year, and revolutionizing the
industry to create a more sustainable future. The AZEK Company has
recently been named one of America’s Climate Leaders by USA Today,
a Top Workplace by the Chicago Tribune and a winner of the 2023
Real Leaders® Impact Awards. Headquartered in Chicago, Illinois,
the company operates manufacturing and recycling facilities in
Ohio, Pennsylvania, Idaho, Georgia, Nevada, New Jersey, Michigan
and Minnesota. For additional information, please visit
azekco.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231101705700/en/
AZEK Investor Relations Contact: Eric Robinson
312-809-1093 ir@azekco.com AZEK Media Contact: Amanda
Cimaglia 312-809-1093 media@azekco.com
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