Whats next! Timbertech sells to Azek
Posted August 10th
Who will be the next major decking company to sell & change ownership?? Timbertech, Azek, Other The rumors are flying! Find out here first!
Posted August 24th
Watch for the News of the decking company that will merge today at 2PM Timbertech and Azek are the rumored group
Announced Aug. 27, 2012
CPG International Inc. announced the signing of a definitive agreement to acquire Timbertech, a subsidiary of the Crane Group.
CPG International Inc. (AZEK), is seeking $465 million in loans to finance the acquisition of Timbertech, The financing will consist of a seven-year, $355 million term loan and a $110 million asset-based revolving line of credit maturing in five years.
This acquisition is expected to be completed in late September, according to the statement.
A lender meeting Sept. 6 at 10 a.m. in New York.
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