James Hardie Building Products Inc. Announces Exclusive Product Deal with Meritage Homes
James Hardie Building Products Inc. (NYSE: JHX) has announced a multi-year exclusive agreement with Meritage Homes (NYSE: MTH), the fifth-largest public homebuilder in the U.S. This deal makes Hardie® siding and trim products standard on every new Meritage home where hard siding is installed across the U.S. through 2027.
The collaboration aims to provide Meritage homebuyers with durable, non-combustible, and pest-resistant siding that offers protection against extreme weather. James Hardie's products also provide a wide range of design options. This partnership aligns with Meritage's mission to build innovative and sustainable homes, leveraging James Hardie's manufacturing footprint and Meritage's national coverage.
James Hardie Building Products Inc. (NYSE: JHX) ha annunciato un accordo esclusivo pluriennale con Meritage Homes (NYSE: MTH), il quinto costruttore di case pubbliche più grande negli Stati Uniti. Questo accordo rende i prodotti in siding e trim Hardie® standard su ogni nuova casa Meritage in cui venga installato il siding duro negli Stati Uniti fino al 2027.
La collaborazione mira a fornire ai compratori di case Meritage un siding durevole, non combustibile e resistente agli insetti che offre protezione contro condizioni climatiche estreme. I prodotti di James Hardie offrono anche una vasta gamma di opzioni di design. Questa partnership si allinea alla missione di Meritage di costruire case innovative e sostenibili, sfruttando la presenza produttiva di James Hardie e la copertura nazionale di Meritage.
James Hardie Building Products Inc. (NYSE: JHX) ha anunciado un acuerdo exclusivo por varios años con Meritage Homes (NYSE: MTH), el quinto constructor de viviendas públicas más grande de EE. UU. Este acuerdo convierte los productos de revestimiento y molduras Hardie® en un estándar en cada nueva casa Meritage donde se instale revestimiento duro en EE. UU. hasta 2027.
La colaboración tiene como objetivo proporcionar a los compradores de casas Meritage revestimientos duraderos, no combustibles y resistentes a plagas que ofrecen protección contra condiciones climáticas extremas. Los productos de James Hardie también ofrecen una amplia gama de opciones de diseño. Esta asociación se alinea con la misión de Meritage de construir hogares innovadores y sostenibles, aprovechando la huella de fabricación de James Hardie y la cobertura nacional de Meritage.
제임스 하디 건축 제품 주식회사 (NYSE: JHX)는 미국에서 다섯 번째로 큰 상장 주택 건설업체인 메리타지 홈즈 (NYSE: MTH)와 수년간의 독점 계약을 체결했다고 발표했습니다. 이 계약에 따라 하디® 사이딩 및 트림 제품은 2027년까지 미국 전역의 메리타지 주택에서 하드 사이딩이 설치되는 경우에 표준이 됩니다.
이번 협업은 메리타지 주택 구매자에게 극한 날씨로부터 보호하는 내구성이 뛰어나고, 불연성이며, 해충 저항성이 있는 사이딩을 제공하는 것을 목표로 합니다. 제임스 하디의 제품은 또한 다양한 디자인 옵션을 제공합니다. 이 파트너십은 제임스 하디의 제조 기반과 메리타지의 전국적 범위를 활용하여 혁신적이고 지속 가능한 주택을 건설하려는 메리타지의 사명과 일치합니다.
James Hardie Building Products Inc. (NYSE: JHX) a annoncé un accord exclusif pluriannuel avec Meritage Homes (NYSE: MTH), le cinquième constructeur de maisons publiques aux États-Unis. Cet accord rend les produits de bardage et de moulure Hardie® standard sur chaque nouvelle maison Meritage où un bardage rigide est installé aux États-Unis jusqu'en 2027.
La collaboration vise à fournir aux acheteurs de maisons Meritage un bardage durable, non combustible et résistant aux insectes qui offre une protection contre des conditions météorologiques extrêmes. Les produits de James Hardie offrent également un large éventail d'options de conception. Ce partenariat s'aligne avec la mission de Meritage de construire des maisons innovantes et durables, en tirant parti de l'empreinte manufacturière de James Hardie et de la couverture nationale de Meritage.
James Hardie Building Products Inc. (NYSE: JHX) hat eine mehrjährige Exklusivvereinbarung mit Meritage Homes (NYSE: MTH), dem fünftgrößten börsennotierten Hausbauer in den USA, bekannt gegeben. Dieses Abkommen macht Hardie® Verkleidungs- und Verkleidungselemente zum Standard für jedes neue Meritage-Haus, in dem bis 2027 hartes Verkleidungsmaterial in den USA installiert wird.
Die Zusammenarbeit zielt darauf ab, den Käufern von Meritage-Häusern haltbare, nicht brennbare und schädlingsresistente Verkleidungen anzubieten, die Schutz vor extremen Wetterbedingungen bieten. Die Produkte von James Hardie bieten außerdem eine Vielzahl von Designoptionen. Diese Partnerschaft stimmt mit Meritages Mission überein, innovative und nachhaltige Häuser zu bauen, wobei die Produktionskapazitäten von James Hardie und die nationale Abdeckung von Meritage genutzt werden.
- Exclusive multi-year agreement with the fifth-largest U.S. homebuilder
- Hardie® products become standard on all new Meritage homes with hard siding
- Potential for increased market share and revenue through 2027
- Alignment of James Hardie's manufacturing footprint with Meritage's national coverage
- None.
Insights
This exclusive agreement between James Hardie and Meritage Homes is a significant development in the construction industry. The deal secures James Hardie as the sole provider of hard siding and trim for Meritage's homes through 2027, potentially boosting James Hardie's market share and revenue stream. For Meritage, it ensures a consistent supply of high-quality materials, which could enhance their product offering and potentially improve profit margins.
The partnership aligns with the growing trend of sustainability and durability in home construction. James Hardie's fiber cement products offer superior fire resistance and weather durability, which could be a key selling point for Meritage homes in regions prone to extreme weather or wildfires. This could potentially increase Meritage's competitive edge in certain markets.
Investors should monitor how this deal affects both companies' financial performance in the coming quarters, particularly in terms of revenue growth for James Hardie and cost efficiencies for Meritage.
This exclusive agreement represents a strategic supply chain move for both James Hardie and Meritage Homes. For James Hardie, securing a multi-year contract with the fifth-largest U.S. homebuilder provides stable demand forecasting and potentially optimized production planning. This could lead to improved operational efficiencies and potentially reduced costs.
For Meritage, the deal ensures a consistent supply of high-quality siding materials, which is important in an industry often affected by supply chain disruptions. This agreement could provide Meritage with a competitive advantage in terms of construction timelines and quality assurance.
The alignment of James Hardie's manufacturing footprint with Meritage's national coverage suggests potential for logistical optimizations and reduced transportation costs. Investors should watch for improvements in inventory management and supply chain efficiency metrics for both companies in future financial reports.
This exclusive deal reflects a growing consumer preference for durable, low-maintenance home exteriors. James Hardie's fiber cement products cater to homebuyers seeking long-lasting, weather-resistant materials, which could potentially boost Meritage's appeal to eco-conscious and value-seeking customers.
The agreement's emphasis on design flexibility, with "limitless design options," aligns with the trend of personalization in home buying. This could give Meritage an edge in attracting buyers who want both durability and aesthetic customization.
The deal's timing coincides with a challenging housing market, marked by high interest rates and affordability concerns. By standardizing on James Hardie products, Meritage might be able to streamline its offerings and potentially improve cost efficiencies, which could help in maintaining competitive pricing.
Investors should monitor how this partnership affects customer satisfaction rates, sales velocities and market share for Meritage Homes in the coming years.
- U.S. leading hard siding company becomes exclusive siding and trim supplier for nation's fifth largest homebuilder -
The exclusive agreement bolsters the existing relationship between James Hardie and Meritage and will make Hardie® siding and trim products standard on every new Meritage home where hard siding is installed across the
"The exclusive agreement with James Hardie helps us in our mission to design and build innovative and sustainable homes," said Clint Szubinski, Chief Operating Officer at Meritage Homes. "Our homebuyers will benefit from this agreement as their new homes will feature the durability that is unique to Hardie® siding and trim products."
Meritage homebuyers will have the trusted protection and superior craftsmanship of James Hardie for their dream home. Hardie® siding and trim products are non-combustible, won't burn, and resist damage from pests, water, extreme weather and more*. "With an extensive array of colors available across multiple collections and products, James Hardie offers limitless design options ranging from traditional to ultra-modern and everything in between."
"We're proud to offer superior Hardie® products to Meritage homebuyers," said Sean Gadd, President of James Hardie North America. "Our commitment to deliver high-quality, durable siding and trim products and exterior design solutions is in lockstep with Meritage's mission of building homes with care and superior craftsmanship that deliver enduring value. Meritage's national coverage and scale lines up with well with James Hardie's manufacturing footprint. This commitment is a natural step forward for both companies."
The collaboration between James Hardie and Meritage brings unprecedented quality and climate-resilience to homebuyers, leveraging the expertise and innovation of top industry leaders to create homes that are both aesthetically appealing and built to last.
For more information about James Hardie Building Products Inc., visit www.jameshardie.com.
*Hardie® siding complies with ASTM E136 as a noncombustible cladding and is recognized by fire departments across the
James Hardie Building Products Inc.
James Hardie is a North American leader in fiber cement exterior design solutions. Hardie® products offer long lasting beauty and endless design possibilities with trusted protection and low maintenance. As the #1 producer of high-performance fiber cement building solutions in the United States, James Hardie offers siding and accessories for every style. Hardie® products are non-combustible and stand up to weather and time while empowering homeowners and building professionals to achieve the home of their dreams. James Hardie operates with an inclusive company culture and an unwavering commitment to Zero Harm. The company proudly employs a diverse workforce of over 3,700 employees in North America.
For more information and media resources, visit JamesHardie.com and JamesHardie.com/about-us/media-resources. For investor information, please visit ir.jameshardie.com.au.
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Contact:
James Hardie
jameshardieuspr@webershandwick.com
About Meritage Homes
Meritage is the fifth-largest public homebuilder in
Meritage has delivered over 185,000 homes in its 38-year history, and has a reputation for its distinctive style, quality construction, and award-winning customer experience. The Company is an industry leader in energy-efficient homebuilding, an eleven-time recipient of the
For more information, visit www.meritagehomes.com.
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SOURCE James Hardie Building Products Inc.
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