Alliance Expands AZEK’s FULL-CIRCLE PVC
Recycling Program; Expected to Advance ESG and Recycling Goals
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, Versatex® and AZEK® Trim, and StruXure™
pergolas, today announced a PVC recycling alliance with DTG
Recycle, the largest recycler of construction and demolition
(C&D) waste in the Pacific Northwest. The alliance expands
AZEK’s FULL-CIRCLE PVC Recycling program to now include the
collection of PVC-based C&D debris.
As part of the alliance, PVC scrap and debris collected by DTG
Recycle will be processed by Return Polymers, AZEK’s vertically
integrated recycler, and then incorporated into one of AZEK’s many
sustainable outdoor living product lines made with recycled PVC
material, including TimberTech AZEK® decking and AZEK and Versatex
Trim.
“We are excited about what this C&D recycling alliance with
DTG Recycle represents – a new recovery channel for PVC waste and
scrap that might be otherwise destined for landfills,” said AZEK
CEO Jesse Singh. “AZEK’s goal is to recycle one billion pounds of
waste and scrap annually by the end of 2026. To achieve this
ambition, and, ultimately, to advance and sustain a circular
economy, it is imperative to find new solutions and new partners
whose leadership, capabilities and sustainability goals match our
own. We have found that and more in DTG Recycle.”
DTG Recycle will utilize its extensive collection and processing
network to help AZEK and Return Polymers expand its FULL-CIRCLE PVC
Recycling program beyond post-industrial producers. Items such as
PVC siding, windows, fencing, and pipe that enter the C&D
channel are typically destined for the landfill and are amongst one
of the recycling industry's most significant challenges.
“PVC has always challenged the C&D recycling community,”
says Tom Vaughn, CEO of DTG Recycle. “This is a big win for the
construction industry and communities throughout the Pacific
Northwest, as this alliance both creates an open-loop recycling
solution for otherwise landfill bound debris and helps further
protect the local and regional environments for everyone to enjoy.
We are honored that AZEK and Return Polymers chose us as their
partner to offer this new sustainable end market to our
region.”
“While the industrial PVC recycling market is more established,
the larger C&D market remains largely untouched. It will
require the special skills, expertise, and unique technologies
developed by Return Polymers to lead the market into these
uncharted waters. This, combined with the leadership and reputation
of DTG Recycle, sets us on a path to scale more rapidly and expand
our C&D PVC recycling program to other regions in the United
States,” said David Foell, Founder of Return Polymers, a wholly
owned subsidiary of AZEK.
For more information on AZEK’s FULL-CIRCLE PVC Recycling
program, please visit
azekco.com/about-us/full-circle-recycling-program/.
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 Versatex® AZEK Trim® and StruXure™
pergolas. Consistently recognized as the market leader in
innovation, quality and aesthetics, products across AZEK’s
portfolio are made from up to 100% 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. Headquartered in Chicago, Illinois, the
company operates manufacturing facilities in Ohio, Pennsylvania,
Georgia, and Minnesota, and recently announced a new facility will
open in Boise, Idaho. For additional information, please visit
azekco.com.
About DTG Recycle
DTG Recycle is the largest recycler of construction, demolition,
industrial, and manufacturing waste in the Pacific Northwest. We
strive for a zero-waste future by collecting, transporting,
processing, and manufacturing waste into innovative end products
from recovered materials. With a diversified collection and
transportation fleet, we provide unique, convenient recycling
methods and the industry's best customer service. We are Customer
Focused, Planet Obsessed. Learn more at dtgrecycle.com.
About Return Polymers
For 30 years, Return Polymers has been a leader in the
development, implementation, and delivery of recycled PVC compound
solutions. Acquired by The AZEK Company in 2020, Return Polymers
serves clients in every PVC market segment and is proud to have
unparalleled records in safety, product consistency, customer
satisfaction, and environmental sustainability. Return Polymers is
a leader in the recycling industry and was named 2019 Vinyl
Recycler of the Year by the Vinyl Sustainability Council. To learn
more, please visit returnpolymers.com/.
Cautionary Note Regarding Forward-Looking Statements
This release contains or refers to certain forward-looking
statements within the meaning of the federal securities laws and
subject to the "safe harbor" protections thereunder.
Forward-looking statements are statements about future events and
are based on our current expectations. These forward-looking
statements may be identified by the words “believe,” “hope,”
"expect," "intend," "will," "target," “anticipate,” "goal" and
similar expressions. Projected financial information and
performance, including our guidance and outlook, are
forward-looking statements. Other forward-looking statements may
include, without limitation, statements with respect to our future
growth and goals, including environmental goals. The Company bases
its forward-looking statements on information available to it on
the date of this release and undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a
result of changed circumstances, new information, future events, or
otherwise, except as may otherwise be required by law. Actual
future events could also differ materially due to numerous factors
that involve substantial known and unknown risks and uncertainties
including, among other things, the risks and uncertainties set
forth under "Risk Factors" and elsewhere in the Company's reports
on Form 10-K and Form 10-Q and the other risks and uncertainties
discussed in any subsequent reports that the Company files with the
Securities and Exchange Commission from time to time. Although we
have attempted to identify those material factors that could cause
actual results or events to differ from those described in such
forward-looking statements, there may be other factors that could
cause actual results or events to differ from those anticipated,
estimated or intended. Given these uncertainties, investors are
cautioned not to place undue reliance on our forward-looking
statements.
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Rachel Mihulka 1-402-980-9603 AZEKquestions@zenogroup.com
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