Alliance Expands AZEK’s FULL-CIRCLE PVC Recycling Program; Expected to Advance ESG and Recycling Goals
The AZEK Company Inc. (NYSE: AZEK) (“AZEK” or the “Company”), the industry-leading manufacturer of beautiful, low-maintenance and environmentally sustainable outdoor living products, including TimberTech® decking, Versatex® and AZEK® Trim, and StruXure™ pergolas, today announced a PVC recycling alliance with DTG Recycle, the largest recycler of construction and demolition (C&D) waste in the Pacific Northwest. The alliance expands AZEK’s FULL-CIRCLE PVC Recycling program to now include the collection of PVC-based C&D debris.
As part of the alliance, PVC scrap and debris collected by DTG Recycle will be processed by Return Polymers, AZEK’s vertically integrated recycler, and then incorporated into one of AZEK’s many sustainable outdoor living product lines made with recycled PVC material, including TimberTech AZEK® decking and AZEK and Versatex Trim.
“We are excited about what this C&D recycling alliance with DTG Recycle represents – a new recovery channel for PVC waste and scrap that might be otherwise destined for landfills,” said AZEK CEO Jesse Singh. “AZEK’s goal is to recycle one billion pounds of waste and scrap annually by the end of 2026. To achieve this ambition, and, ultimately, to advance and sustain a circular economy, it is imperative to find new solutions and new partners whose leadership, capabilities and sustainability goals match our own. We have found that and more in DTG Recycle.”
DTG Recycle will utilize its extensive collection and processing network to help AZEK and Return Polymers expand its FULL-CIRCLE PVC Recycling program beyond post-industrial producers. Items such as PVC siding, windows, fencing, and pipe that enter the C&D channel are typically destined for the landfill and are amongst one of the recycling industry's most significant challenges.
“PVC has always challenged the C&D recycling community,” says Tom Vaughn, CEO of DTG Recycle. “This is a big win for the construction industry and communities throughout the Pacific Northwest, as this alliance both creates an open-loop recycling solution for otherwise landfill bound debris and helps further protect the local and regional environments for everyone to enjoy. We are honored that AZEK and Return Polymers chose us as their partner to offer this new sustainable end market to our region.”
“While the industrial PVC recycling market is more established, the larger C&D market remains largely untouched. It will require the special skills, expertise, and unique technologies developed by Return Polymers to lead the market into these uncharted waters. This, combined with the leadership and reputation of DTG Recycle, sets us on a path to scale more rapidly and expand our C&D PVC recycling program to other regions in the United States,” said David Foell, Founder of Return Polymers, a wholly owned subsidiary of AZEK.
For more information on AZEK’s FULL-CIRCLE PVC Recycling program, please visit azekco.com/about-us/full-circle-recycling-program/.
About The AZEK® Company
The AZEK Company Inc. (NYSE: AZEK) is the industry-leading designer and manufacturer of beautiful, low maintenance and environmentally sustainable outdoor living products, including TimberTech® decking and Versatex® AZEK Trim® and StruXure™ pergolas. Consistently recognized as the market leader in innovation, quality and aesthetics, products across AZEK’s portfolio are made from up to 100% recycled material and primarily replace wood on the outside of homes, providing a long-lasting, eco-friendly, and stylish solution to consumers. Leveraging the talents of its approximately 2,000 employees and the strength of relationships across its value chain, The AZEK Company is committed to accelerating the use of recycled material in the manufacturing of its innovative products, keeping millions of pounds of waste out of landfills each year, and revolutionizing the industry to create a more sustainable future. Headquartered in Chicago, Illinois, the company operates manufacturing facilities in Ohio, Pennsylvania, Georgia, and Minnesota, and recently announced a new facility will open in Boise, Idaho. For additional information, please visit azekco.com.
About DTG Recycle
DTG Recycle is the largest recycler of construction, demolition, industrial, and manufacturing waste in the Pacific Northwest. We strive for a zero-waste future by collecting, transporting, processing, and manufacturing waste into innovative end products from recovered materials. With a diversified collection and transportation fleet, we provide unique, convenient recycling methods and the industry's best customer service. We are Customer Focused, Planet Obsessed. Learn more at dtgrecycle.com.
About Return Polymers
For 30 years, Return Polymers has been a leader in the development, implementation, and delivery of recycled PVC compound solutions. Acquired by The AZEK Company in 2020, Return Polymers serves clients in every PVC market segment and is proud to have unparalleled records in safety, product consistency, customer satisfaction, and environmental sustainability. Return Polymers is a leader in the recycling industry and was named 2019 Vinyl Recycler of the Year by the Vinyl Sustainability Council. To learn more, please visit returnpolymers.com/.
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This release contains or refers to certain forward-looking statements within the meaning of the federal securities laws and subject to the "safe harbor" protections thereunder. Forward-looking statements are statements about future events and are based on our current expectations. These forward-looking statements may be identified by the words “believe,” “hope,” "expect," "intend," "will," "target," “anticipate,” "goal" and similar expressions. Projected financial information and performance, including our guidance and outlook, are forward-looking statements. Other forward-looking statements may include, without limitation, statements with respect to our future growth and goals, including environmental goals. The Company bases its forward-looking statements on information available to it on the date of this release and undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of changed circumstances, new information, future events, or otherwise, except as may otherwise be required by law. Actual future events could also differ materially due to numerous factors that involve substantial known and unknown risks and uncertainties including, among other things, the risks and uncertainties set forth under "Risk Factors" and elsewhere in the Company's reports on Form 10-K and Form 10-Q and the other risks and uncertainties discussed in any subsequent reports that the Company files with the Securities and Exchange Commission from time to time. Although we have attempted to identify those material factors that could cause actual results or events to differ from those described in such forward-looking statements, there may be other factors that could cause actual results or events to differ from those anticipated, estimated or intended. Given these uncertainties, investors are cautioned not to place undue reliance on our forward-looking statements.
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