ASHLAND -- The AZEK Company has acquired Ashland's Return Polymers, according to a press release issued Monday, Feb. 3.
Headquartered in Chicago, The AZEK Company was interested in Return Polymers -- a leader in PVC recycling and compounding -- to accelerate its sustainability mission by bringing in-house PVC recycling capabilities that will be leveraged by its outdoor living, residential and commercial building product brands including TimberTech AZEK, AZEK Exteriors, Versatex and Vycom brands and products.
Entering its 27th year of operation, Return Polymers brings full-service recycled material processing, sourcing, logistical support and scrap management programs to AZEK’s expanding capabilities. And further, the Ashland-based company complements AZEK’s recently opened 100,000-square-foot polyethylene recycling facility in Wilmington, Ohio. In 2019, Return Polymers was named the first-ever Vinyl Recycler of the Year by the Vinyl Sustainability Council.
“Acquiring Return Polymers reinforces our commitment to manufacturing sustainable, innovative low-maintenance products for customers and consumers,” said Chief Executive Officer of AZEK Jesse Singh. “Much like AZEK, Return Polymers has built a stellar reputation through its environmental stewardship, capabilities and certifications as well as its material science expertise.”
AZEK, an industry leading manufacturer of beautiful, low-maintenance residential and commercial building products, utilizes more than 200 million pounds of recycled material annually in its TimberTech deck boards alone. The acquisition of Return Polymers allows AZEK to increase the recycled material content across multiple product lines.
“This is an opportune moment for both Return Polymers and AZEK,” said President of Return Polymers David Foell. “Over the course of our business together, The AZEK Company has proven itself as an industry-leader in quality, sustainability, and safety -- which are precisely our core tenets at Return Polymers. We are excited to join the AZEK family and help contribute to its sustainability mission, while continuing to support our existing customers and partners.”
Return Polymers employs a team of approximately 80 people who will become a part of the AZEK portfolio of brands and continue to operate under the company’s reputable name. Foell and the existing management team will continue managing day-to-day operations.
“This is now our third acquisition over the last three years,” said Singh. “As a company, AZEK will continue to identify and strategically invest in products and efficiencies that align with our values and strengthen our growing portfolio.”
Terms of the transaction were not disclosed.
The AZEK Company is headquartered in Chicago’s Fulton Market neighborhood and also operates highly automated manufacturing facilities across the United States, including in Ohio, Pennsylvania and Minnesota. The AZEK Company’s four business units include AZEK Building Products, Versatex, Scranton Products and Vycom. For additional information, visit AZEKCo.com.