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.