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Azek owner CPG may be on auction block

By: Frank Esposito

May 24, 2013

NEW YORK — CPG International, owner of Azek Building Products Inc., might be on the selling block, according to a media report.

New York-based private equity firm AEA Investors LP is looking to sell CPG of Scranton, Pa., for between $1 billion and $1.5 billion, according to a May 23 story from the Reuters news service.

Officials with AEA and CPG could not be reached for comment. AEA has owned CPG since 2005. CPG’s business units include Azek, a maker of cellular PVC decking, railing and trim boards; Vycom, a maker of PVC and polyolefin-based sheet; and Scranton Products, which produces plastic partitions and lockers.

CPG has made two acquisitions through Azek in the last year, buying plastic deck maker TimberTech Ltd. and composite paver maker Vast Enterprices LLC.