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 Construction, Sustainability, Mergers & Acquisitions, 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

Truce? ACC, US Green Building Council agree to work together on LEED

August 28, 2014 12:08 pm ET

The American Chemistry Council (ACC) and the U.S. Green Building Council (USGBC) announced Aug. 27 that they will be working together on a new...    More

Image

Bag usage drops 71% in Northern Ireland

August 28, 2014 10:41 am ET

A shopping bag fee in Northern Ireland has resulted in a 71.8 percent reduction in bag numbers in its first year of operation.    More

Image

Bayer seeing success in project to replace petroleum with C02

August 28, 2014 10:18 am ET

Bayer MaterialScience says its research into the potential of using carbon dioxide as a raw material already is paying off in studies showing that...    More

Image

Canadian mold maker Thibault adding to new operation in Mexico

August 27, 2014 3:19 pm ET

Canadian mold maker I Thibault Inc has purchased an established Mexican company, Tecnimoldes SA de CV, for a seven-figure-dollar-sum and renamed it...    More

Image

Sony entering recycled PC market

August 27, 2014 11:08 am ET

Consumer electronics giant Sony Corp. is getting into a sideline of selling recycled resins.    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

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

More Events