The AZEK Co., Scranton, PA., has signed a definitive agreement to purchase Versatex Holdings, Aliquippa, PA., manufacturer of cellular PVC building products for both the new construction and renovation/remodel markets.
Versatex’s management team will remain with the business and continue operations from its production facility in Aliquippa.
Versatex produces branded exterior trim, sheet, mouldings and other building products.
John Pace, CEO of Versatex said, “We are excited to enter into this agreement with AZEK, which is an ideal partner for us. Our companies have complementary strengths and a shared commitment to premium quality, customer service and product innovation.”
Since 2014, Versatex has been owned by Highlander Partners, L.P. is a Dallas, TX.-based private investment firm.