To bolster its presence in the outdoor living products segment, The AZEK Company Inc. (AZEK) has acquired StruXure Outdoor, Inc., which engages in designing and manufacturing high quality and innovative aluminum pergolas and cabanas. With this deal, AZEK will be able to reap the benefits of increased cross-marketing and cross-selling opportunities. StruXure’s smart pergolas and cabanas are low maintenance, and sustainable solutions, which complement existing outdoor living products of AZEK’s TimberTech. As per the agreed terms, StruXure will operate as a wholly-owned subsidiary of AZEK and its CEO Scott Selzer will continue to lead StruXure’s day-to-day operations. Financials of StruXure will be reported under AZEK’s Residential segment financial reporting.
https://www.tipranks.com/news/azek-bolsters-outdoor-living-product-offerings-with-struxure-buyout?utm_source=advfn.com&utm_medium=referral