The AZEK® Company Announces Pricing of Initial Public Offering

CHICAGO, June 11, 2020 /PRNewswire/ — The AZEK Company Inc. (formerly CPG Newco LLC) (“AZEK”) announced today the pricing of its initial public offering of 33,250,000 shares of its Class A common stock, at a price to the public of $23.00 per share. The underwriters have been granted a 30-day option to purchase up to an additional 4,987,500 shares of Class A common stock from AZEK at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the New York Stock Exchange on June 12, 2020 under the ticker symbol “AZEK.” The offering is expected to close on June 16, 2020, subject to customary closing conditions.

Barclays, BofA Securities, Goldman Sachs & Co. LLC and Jefferies are acting as joint lead book-running managers for the offering. Citigroup, Credit Suisse, Deutsche Bank Securities and RBC Capital Markets are acting as joint book-running managers, and B. Riley FBR, Baird, Stephens Inc., Stifel, SunTrust Robinson Humphrey and William Blair are acting as co-managers for the offering.

A registration statement relating to the offering was declared effective by the Securities and Exchange Commission on June 11, 2020. The offering is being made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained, when available, from:

  • Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by telephone at (888) 603-5847 or by email at barclaysprospectus@broadridge.com;
  • BofA Securities, NC1-004-03-43; 200 North College Street, 3rd Floor, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department or by email at dg.prospectus_requests@bofa.com;
  • Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, by facsimile at (212) 902-9316 or by email at prospectus-ny@ny.email.gs.com; or
  • Jefferies, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone at (877) 821-7388 or by email at Prospectus_Department@Jefferies.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About The AZEK® Company
The AZEK Company Inc. is an industry-leading manufacturer of beautiful, low-maintenance residential and commercial building products, committed to innovation, sustainability and research and design.

Forward Looking Statements
This press release includes “forward looking statements.” These forward-looking statements, including with respect to the initial public offering, represent AZEK’s expectations or beliefs concerning future events, and it is possible that the results or events described in this press release will not be achieved. Forward-looking statements involve known and unknown risks, uncertainties and assumptions. AZEK does not undertake any obligation, to update or revise any forward-looking statement made in this press release to reflect changes since the date of this press release, except as required by law.

SOURCE The AZEK Company

The AZEK® Company Shifts Resources to Help Fight COVID-19

Chicago, Ill., Apr. 28, 2020 – Over the past month, we’ve seen businesses, brands, and individuals alike step up and give back to communities affected by COVID-19. These acts of kindness, both big and small, have offered a glimmer of hope in an otherwise frightening and stressful time. 

The AZEK Company, makers of TimberTech decking and other sustainable building products, has shifted resources at its Vycom facility in Scranton, PA to produce antibacterial partition materials to be used in treatment centers providing care during the COVID-19 pandemic. Over the past month, AZEK provided roughly 5,000 hygienic plastic sheets to the State of New York to be used in the partitions at the Jacob K. Javits Convention Center, which has been transformed into a 2,000-bed temporary hospital. 

Using these products, The AZEK Company has also designed temporary buildings, beds and other structures for medical use at the following facilities: 

• SUNY Old Westbury (Old Westbury, NY) 

• SUNY Stony Brook (Stony Brook, NY) 

• DeVos Place Convention Center (Grand Rapids, MI) 

Once the need for field hospitals dissipates, The AZEK Company will also be a resource to these sites by recycling the materials into other sustainable products. In the meantime, The AZEK Company is currently in touch with several state governments and stands ready to design and produce materials for additional emergency hospital conversions. 

About The AZEK® Company 

CPG Newco LLC (d/b/a The AZEK® Company) is an industry-leading manufacturer of beautiful, low-maintenance residential and commercial building products, committed to innovation, sustainability and research and design. 

Press Contact: 
Christine Carter
Backbone Media
christine.carter@backbonemedia.net
(970) 963-4873 ext. 203