CHICAGO — The AZEK Company Inc., a manufacturer of outdoor living products, including TimberTech Decking and Railing, AZEK and Versatex Trim, and StruXure pergolas, announced the completion of its divestiture of Scranton Products, a division of its Commercial segment, to Sky Island Capital, a private equity firm focused on partnering exclusively with privately-held manufacturing companies.
“Today marks an exciting new chapter for the Scranton Products team,” said Jonathan Skelly, President, Residential and Commercial at The AZEK Company. “We believe Sky Island brings the vision and focus needed to accelerate Scranton Products’ growth and success in the commercial space. With a legacy dating back to 1978, Scranton Products has long been a market leader in high-quality HDPE plastic solutions. We are deeply grateful for their contributions to our business and confident they will continue to lead the industry in durable bathroom partitions and lockers.”
Rob Donlon, who has been with Scranton Products for over 20 years and currently serves as Vice President and General Manager, will remain in his leadership role as the business transitions under new ownership. His deep experience and commitment to Scranton Products will continue to guide the team through this next chapter.
“We’re proud to join forces with the Scranton Products team,” said Jack Waterstreet, Managing Partner at Sky Island Capital. “Their track record and market reputation speak for themselves, and we look forward to helping the company unlock its next phase of growth.”
Sky Island Capital serves as a resource and strategic partner of manufacturing companies with one goal in mind – growth. Their team has worked with more than 50 manufacturing companies, not only as strategic partners, but also as day-to-day operators. They work in a variety of sectors, including advanced materials, industrial products, and technology.
Scranton Products will continue to operate from its current location, ensuring continuity for its employees, customers, and partners.
William Blair & Company acted as financial advisor, and Latham & Watkins LLP acted as legal advisor, to The AZEK Company in the sale of Scranton Products to Sky Island Capital.
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