CPG International is now The AZEK Company
CPG International LLC, has rebranded itself as The AZEK Company.
The Skokie, Ill.-based company said the move “reflects its growing share of the expanding residential and commercial building products market.”
The rebranding is part of the organization’s strategy to disrupt the nearly $2 billion wood deck and railing industry by concentrating on its leading, premium offerings and diversifying its portfolio through strategic acquisitions of other offerings in adjacent categories, The AZEK Company said in a press release.
“As The AZEK Company, we are committed to engineering and manufacturing beautiful, high-quality and low-maintenance building products to improve the spaces where our customers live, work and play,” said Jesse Singh, CEO of The AZEK Company.
“We will continue to expand our pipeline this year and grow our market share by engineering more premium building products and acquiring new offerings that envelop the house.”
Regarding the future of the company, AZEK said it is growing across Illinois and within its manufacturing facilities in Scranton, Pa. and Wilmington, Ohio. It is also expanding its footprint with regional sales associates across the United States and Canada.
The building products manufacturer also said strategy for growth is a strong focus on reusing recycled plastics and turning them into superior residential and commercial building products that outlast wood and other raw materials. According to AZEK, the company’s three divisions – AZEK Building Products, Scranton Products and Vycom – all convert recyclables into a diversified suite of products. Over the past five years, AZEK said it has saved more than 900,000 trees.
Revisiting an ‘antiquated’ online sales tax rule
The National Retail Federation welcomed the U.S. Supreme Court’s decision to take up a South Dakota case on whether online sellers can be required to collect sales tax the same as local stores, but it also urged Congress to address the issue through federal legislation.
“Retail is a dynamic industry that’s rapidly transforming,” NRF president and CEO Matthew Shay said. “Unfortunately, antiquated sales tax collection rules have resulted in an uneven playing field that’s making it harder for Main Street retailers to compete in today’s digital economy. This is a basic question about fairness, which all of our members deserve whether they’re selling in stores or online.”
“The fact that the Supreme Court has decided to reconsider its outdated ruling is encouraging, and we are hopeful it will lead to a positive outcome that reflects the realities of 21st century commerce,” Shay said. “Congress should not sit on the sidelines as the Supreme Court considers this case. It’s time to pass legislation to settle this critical issue once and for all. Even if the court rules in favor of a modern sales tax policy, legislation will still be needed to spell out how that would work.”
In November, the NRF filed a friend-of-the-court brief urging the Supreme Court to take up an appeal brought by the state of South Dakota, saying the Quill Corp. v. North Dakota (1992) decision is outdated. In Quill, the court said sales tax laws across the country were too complicated for retailers to know how much tax to collect unless they were physically present in the customer’s state. NRF argued in November’s brief that computer software has made that concern obsolete today.
In addition to the case before the Supreme Court, NRF is continuing to support the Remote Transactions Parity Act, which would allow states to require out-of-state sellers to collect sales tax. Even if the Supreme Court were to allow that, NRF believes federal legislation is necessary to resolve details on how collection would take place rather than leaving it to each of the states to interpret the court’s ruling.
Houzz Stat: Architects feel confident in their uptick of work
Architects and designers are feeling confident. Architecture firms posted a reading of 62 for the third quarter of 2017; designer firms, 65. Both scores are slightly below the levels for these groups during the second quarter of 2017, but that is to be expected given the shift of the seasons. The scores for architects and designers are close to the levels of one year earlier, indicating fairly stable demand.
Score for size of architects’ new projects bounces back. This chart shows the components of the Houzz Renovation Barometer: number of inquiries, number of new projects or orders, and size of new projects or orders. In each category, a score above 50 means that there are more firms reporting that business activity is higher than there are firms reporting it is lower, relative to the previous quarter. The barometer, described above, is a simple average of the scores for the three components.
The scores in this chart are for architects and designers. Notably, the score for the size of architects’ new projects or orders is up compared with the scores of both the previous quarter and the same quarter during the previous year.
Download the full report here.