James Hardie has warned that the United States renovations market is weaker than expected as it pushes on with a controversial $14 billion buyout of Azek, which relies heavily on US homeowners upgrading their houses.
James Hardie chief executive Aaron Erter, who has been criticised for overpaying for the outdoor decking and railings group, said the company would be able to offset the weak market conditions, and would also win more market share with its fibre cement wall cladding and planks even in a softer market.
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