James Hardie Industries: Fiber Cement Specialist Sells European Business and Grows by 64%
Reading Time: 3 minutes
James Hardie grows organically by 20% in the North American fiber cement market and gains market share. The AZEK acquisition doubles the addressable market to approximately $23 billion and opens up cross-selling opportunities. After a strong Q1, management raises the forecast and sells the European business for €840 million. James Hardie Industries (JHX) considers itself the market leader in fiber cement facades in North America. The company sees a roughly $1 billion opportunity to replace wood facades with fiber cement, particularly...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
