Azek parent buys wood-plastic composite specialist TimberTech

By Bill Bregar
Senior Staff Reporter

Published: August 27, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Sustainability, Construction, Pipe/Profile/Tubing

SCRANTON, PA. (Aug. 27, 8:30 p.m. ET) — CPG International Inc., the parent company of Azek Building Products Inc., will buy TimberTech Ltd., a major producer of wood-plastic composites, from Crane Group.

Azek is a Scranton-based maker of decking, railing and trim boards.

CPG International issued an Aug. 27 announcement that it has signed a definitive agreement to buy TimberTech. Terms were not disclosed. Officials of TimberTech told employees at its factory in Wilmington, Ohio, about the pending deal on Aug. 24.

The CPG news release says nothing about the Wilmington plant, and officials were not immediately available for further comment. TimberTech CEO Stu Kemper did not return a call seeking comment.

The Wilmington News Journal quoted TimberTech’s chief operating officer, Tom Gramlich, as saying it’s “business as usual” at the factory, which employs 220.

TimberTech is one of the pioneers of WPC decking, which combine wood-flour and plastic to make a natural-looking, long-lasting deck. Columbus, Ohio-based Crane Group shipped its first TimberTech decking in 1997. TimberTech also makes railing to go with the decking systems.

Eric Jungbluth, the CEO of CPG International, said the acquisition will help both companies.

“The ultimate goal is for our Azek business and TimberTech to join forces,” Jungbluth said in the news release. “We believe this powerful combination will not only create the largest manufacturer in the trim, decking and railing market, but will also create a premier company in the industry as both entities manufacture highly engineered, outdoor living-solution products that offer exceptional aesthetics, performance and longevity.”

For Crane Plastics, selling TimberTech marks another exit from extruded plastic building products. Last year Crane sold its vinyl siding business to PVC maker Georgia Gulf Corp. Crane sold its vinyl fence manufacturing in 2008 to U.S. Fence Inc. In 2009, Crane sold the custom extrusion business to its managers, although Crane retained a minority interest in that firm.

Selling TimberTech leaves Crane Materials International as Crane Group’s only plastics construction products manufacturing. CMI makes marine seawalls, docks, piers and gangways.

“This was a difficult decision for our company and our family, but we think this acquisition positions the business to continue to be a leader in its product lines,” President Tanny Crane said in the news release.


Comments

Azek parent buys wood-plastic composite specialist TimberTech

By Bill Bregar
Senior Staff Reporter

Published: August 27, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Major packaging merger includes plastics operations

January 26, 2015 12:24 pm ET

A merger of packaging companies MeadWestvaco Corp. and Rock-Tenn Inc. will create a new company with nearly $16 billion in annual sales.    More

Image

Auto industry on the hunt for new lightweight materials

January 26, 2015 4:03 pm ET

The auto industry is focusing on lightweighting, and this is igniting a race to find new materials that can meet ever-changing performance needs of...    More

Image

Continental builds low-emission interior trim factory in China

January 26, 2015 12:33 pm ET

Benecke-Kaliko AG is making the largest investment in its history to build an environmentally friendly auto interior trim plant in China, prompted by ...    More

Image

J6 Polymers to buy Stepan unit

January 26, 2015 12:22 pm ET

NORTHFIELD, ILL. — Stepan Co. plans to sell its specialty polyurethanes systems business to J6 Polymers LLC in a cash deal.    More

Image

UK legislators debate fracking

January 26, 2015 12:19 pm ET

LONDON — An influential group of members of Parliament has called for a moratorium to be imposed on fracking for shale gas as politicians prepar...    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events