The AZEK® Company Announces Sale of Commercial Segment’s Scranton Products Business to Sky Island Capital – Business Wire

The AZEK Company Inc. Announces Divestiture of Scranton Products

Overview of the Transaction

The AZEK Company Inc. (NYSE: AZEK), a leading manufacturer of environmentally sustainable outdoor living products, has completed the divestiture of Scranton Products, a division within its Commercial segment, to Sky Island Capital, a private equity firm specializing in partnerships with privately-held manufacturing companies.

Strategic Focus and Growth

Jonathan Skelly, President of Residential and Commercial at The AZEK Company, emphasized the significance of this transition, stating that Sky Island Capital’s vision and focus will accelerate Scranton Products’ growth in the commercial sector. Scranton Products, established in 1978, is recognized for its high-quality HDPE plastic solutions, including durable bathroom partitions and lockers.

Leadership Continuity

• Rob Donlon, Vice President and General Manager of Scranton Products with over 20 years of experience, will continue to lead the business under new ownership.
• This continuity ensures stability for employees, customers, and partners during the transition.

Sky Island Capital’s Role

Jack Waterstreet, Managing Partner at Sky Island Capital, expressed commitment to supporting Scranton Products in unlocking its next phase of growth. Sky Island Capital focuses on growth-oriented partnerships in manufacturing sectors such as advanced materials, industrial products, and technology.

Advisory Support

• William Blair & Company served as financial advisor to The AZEK Company.
• Latham & Watkins LLP provided legal advisory services for the transaction.

Commitment to Sustainable Development Goals (SDGs)

Environmental Sustainability and Innovation

The AZEK Company is dedicated to advancing several United Nations Sustainable Development Goals (SDGs), particularly:

1. SDG 12: Responsible Consumption and Production – The company manufactures products using up to 85% recycled materials, significantly reducing waste and promoting circular economy principles.
2. SDG 9: Industry, Innovation, and Infrastructure – Through innovative design and manufacturing processes, AZEK leads the market in sustainable outdoor living solutions.
3. SDG 13: Climate Action – By replacing traditional wood products with durable, eco-friendly alternatives, AZEK contributes to reducing deforestation and carbon footprint.

Social Responsibility and Economic Growth

• SDG 8: Decent Work and Economic Growth – The company employs approximately 2,000 people and supports stable employment through its manufacturing and recycling facilities across multiple U.S. states.
• SDG 17: Partnerships for the Goals – AZEK collaborates with stakeholders across its value chain to promote sustainability and responsible business practices.

Recognition and Awards

The AZEK Company’s commitment to sustainability and responsible business has been recognized by numerous awards, including:

• America’s Most Responsible Companies by Newsweek
• Top Workplace by Chicago Tribune and U.S. News and World Report
• Barron’s 100 Most Sustainable U.S. Companies
• TIME’s World’s Best Companies in Sustainable Growth for 2025
• Fast Company’s 2024 Brands That Matter list, highlighting TimberTech as a benchmark brand

About The AZEK Company

The AZEK Company Inc. is a market leader in designing and manufacturing low-maintenance, environmentally sustainable outdoor living products, including TimberTech® decking and railing, AZEK® and Versatex® trim, and StruXure® pergolas. The company’s products primarily replace wood on the exterior of homes, offering long-lasting, stylish, and eco-friendly alternatives. Headquartered in Chicago, Illinois, AZEK operates manufacturing and recycling facilities in Ohio, Pennsylvania, Idaho, Georgia, Nevada, New Jersey, Michigan, Minnesota, and Texas.

Additional Information

For further details on Scranton Products, please visit scrantonproducts.com.

1. Sustainable Development Goals (SDGs) Addressed or Connected

1. SDG 9: Industry, Innovation and Infrastructure
   • The article discusses manufacturing innovation, growth, and sustainable materials, which align with SDG 9’s focus on building resilient infrastructure, promoting inclusive and sustainable industrialization, and fostering innovation.
2. SDG 12: Responsible Consumption and Production
   • The AZEK Company’s use of up to 85% recycled materials and efforts to keep waste out of landfills relate directly to SDG 12, which aims to ensure sustainable consumption and production patterns.
3. SDG 13: Climate Action
   • By replacing wood with recycled materials and reducing waste, the company contributes to climate action efforts by lowering environmental impact and promoting sustainability.
4. SDG 8: Decent Work and Economic Growth
   • The article mentions job continuity and growth in manufacturing sectors, supporting SDG 8’s goal to promote sustained, inclusive economic growth and decent work for all.

2. Specific Targets Under Those SDGs

1. SDG 9 Targets
   • Target 9.4: By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies.
   • Target 9.2: Promote inclusive and sustainable industrialization and, by 2030, significantly raise industry’s share of employment and gross domestic product.
2. SDG 12 Targets
   • Target 12.5: By 2030, substantially reduce waste generation through prevention, reduction, recycling, and reuse.
   • Target 12.2: Achieve the sustainable management and efficient use of natural resources.
3. SDG 13 Targets
   • Target 13.1: Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries.
4. SDG 8 Targets
   • Target 8.2: Achieve higher levels of economic productivity through diversification, technological upgrading, and innovation.
   • Target 8.5: By 2030, achieve full and productive employment and decent work for all women and men.

3. Indicators Mentioned or Implied to Measure Progress

1. Indicator for SDG 9.4
   • Proportion of industries using recycled materials and environmentally sustainable technologies (implied by AZEK’s use of up to 85% recycled materials).
2. Indicator for SDG 12.5
   • Amount of waste recycled and prevented from landfill (implied by the company’s efforts to keep hundreds of millions of pounds of waste and scrap out of landfills annually).
3. Indicator for SDG 8.5
   • Number of employees retained and job continuity during ownership transition (implied by Scranton Products continuing operations and leadership).
4. Indicator for SDG 13.1
   • Reduction in environmental impact through sustainable product alternatives (implied by replacing wood with recycled materials to reduce carbon footprint).

4. Table of SDGs, Targets, and Indicators

Source: businesswire.com