Azek buys paver maker Vast Enterprises

Published: December 20, 2012 6:00 am ET

Related to this story

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

SCRANTON, PA. (Dec. 20, 12:15 p.m. ET) – Composite decking maker Azek Building Products Inc. has purchased Vast Enterprises LLC, a Minneapolis company that has been manufacturing Azek’s line of composite pavers.

Azek said the deal was completed on Dec. 19. Terms were not disclosed.

Scranton-based Azek had purchased an interest in Vast in September 20111, and since then Azek has marketed Vast’s pavers through a strategic alliance.

The Azek pavers are made from up to 95 percent post-consumer rubber and plastics. To date, the company said the product has diverted more than 7.5 million pounds of material from U.S. landfills, using material from more than 450,000 scrap tires and 13 million plastic containers.

Azek is owned by CPG International Inc., which also purchased Wilmington, Ohio-based TimberTech earlier this year.


Comments

Azek buys paver maker Vast Enterprises

Published: December 20, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Plastics help Volt hit new target

January 28, 2015 1:54 pm ET

The 2016 Volt, unveiled at the North American International Auto Show in Detroit in January, features a sportier exterior design — GM calls it...    More

M&A deals in packaging hit record

January 28, 2015 1:49 pm ET

It's good to be in packaging these days. More precisely, it's good to be in packaging and decide to sell or merge.    More

Image

Sika opens negotiations to acquire Axson Technologies

January 28, 2015 12:17 pm ET

Specialty chemicals maker Sika AG has entered into exclusive negotiations with Axson SAS management and shareholders to acquire its epoxy and...    More

Image

Piovan buys majority stake in Italy's Penta

January 28, 2015 12:04 pm ET

Italian auxiliary equipment company Piovan SpA has acquired a majority stake in the Italian materials handling company Penta srl, based in Poggio...    More

Image

FPI joins curbside recycling group

January 28, 2015 11:47 am ET

Foodservice Packaging Institute is joining the board of the Curbside Value Partnership, a non-profit group that works to improve curbside recycling in...    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