Scranton, Penn. – CPG International Inc. announced an agreement to acquire TimberTech, a subsidiary of the Crane Group and manufacturer of decking, railing and accessory products. CPG International is the parent company of AZEK Building Products, a maker of decking, railing, porch boards, trim, mouldings and recycled composite pavers.
CPG expects to finalize the acquisition of TimberTech in late September. “We feel like we are keeping TimberTech in the family because Crane Group once held a majority interest in CPG. We know the company’s leaders, their values and their capabilities.” said Mike Crane, president of The Crane Group Companies.
According to Jungbluth, “While AZEK has led the conversion from wood exterior trim and decking to cellular PVC, TimberTech has been a strong force and pioneer in composite decking since the category began.”