The stock is down 37% over the last year. James Hardie Industries, a fiber-cement siding producer, said late Sunday that it agreed to buy Azek, a maker of composite decking, railing and pergolas ...

Fiber cement siding means manufactured planks, shingles or panels installed on the exterior ... recognizable example of fiber cement siding; James Hardie brought the technology to market in ...

AZEK is based in Chicago. James Hardie shareholders will own about 74% of the combined company, with AZEK stockholders owning 26%. The combined company will sell siding, exterior trim, decking ...