James Hardie Building Products Inc. Announces Strategic Alliance with CBH Homes
Rhea-AI Summary
Positive
- Strategic expansion into Idaho market through partnership with state's #1 builder
- Potential for increased market share and revenue through exclusive product offering
- Enhanced brand visibility and market penetration in the Idaho region
Negative
- None.
News Market Reaction – JHX
In the trading session that priced this news, JHX gained 1.10%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
- CBH Homes becomes the first production builder in
Renowned as the #1 brand of siding in
"CBH Homes believes in making beautiful possible at any price point and wants to provide the best products for our homebuyers," said Corey Barton, Chief Executive Officer of CBH Homes. "The collaboration with James Hardie represents a milestone for us and our commitment to excellence. By offering Hardie® siding and trim products, CBH Homes aims to provide homebuyers with not only enhanced protection but also greater design versatility."
Prospective homeowners of CBH Homes will benefit from the innovative Hardie® siding and trim solutions, which are non-combustible** and resist damage from pests, water, and extreme weather. The extensive range of colors and styles of Hardie® products ensures a personalized fit for all architectural tastes and preferences.
"This groundbreaking agreement with CBH Homes underscores our commitment to providing cutting-edge exterior home solutions that meet the evolving needs of builders and homeowners," said Sean Gadd, President of James Hardie North America. "We are proud to join forces in setting a new benchmark for home quality and style in
Together, James Hardie and CBH Homes are poised to elevate the standard of homebuilding, ensuring that each residence stands out for both its beauty and lasting durability for years to come. With shared expertise and a commitment to innovation, this agreement is set to deliver homes that meet the highest standards of quality.
For more information about James Hardie Building Products Inc., visit www.jameshardie.com.
* Based on Freedonia 2022 Global Siding (Cladding) demand estimates and James Hardie sales in
**Hardie® fiber cement products are noncombustible and/or have a Class A fire rating when tested in accordance with ASTM E84. Fiber cement fire resistance does not extend to applied paints or coatings, which may be damaged or char when exposed to flames. The use of noncombustible siding, combined with other fire mitigation measures, may help harden a home against external fire.
James Hardie Building Products Inc.
James Hardie truly represents What The Best Are Made Of™. As the #1 brand of siding in
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.
Connect with James Hardie on social media:
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Media Contact:
James Hardie
jameshardieuspr@webershandwick.com
Investor Contact:
Joe Ahlersmeyer, CFA
Vice President, Investor Relations
investors@jameshardie.com
About CBH Homes
CBH Homes has been building new homes for sale in
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SOURCE James Hardie Building Products Inc.