MANUFACTURERS – AUGUST 2019

Adam

Resource Management Associates, a longtime environmental permitting, regulatory compliance and plant design consultant to ready mixed and manufactured-concrete producers, has opened a satellite office for clients throughout the Southeast: 127 Church Street, Suite 230, Marietta, GA 30060. RMA’s New Jersey headquarters mailing address has changed from Forked River to P.O. Box 188 Toms River, NJ 08754; 888-RMA-0230.

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Boral North America division emerges from Boral Ltd., Headwaters union

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Boral Ltd. consummated a $2.6 billion takeover of South Jordan, Utah-based Headwaters Inc., following U.S. Federal Trade Commission clearance. The deal brings the North Sydney, Australia, suitor upward of 8 million tons of annual fly ash volume, owing to Headwaters’ leading position in coal combustion residuals processing and marketing; additional light building products offerings; and, a doubling of roofing and manufactured stone market stakes. In the latter product category, it unites the Cultured Stone and Eldorado Stone brands.

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Boral, Headwaters merger spells commanding fly ash, veneer stone source

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A binding merger agreement announced late last month unites the top two U.S. fly ash marketers and precast concrete stone veneer producers. Sydney-based Boral Ltd. will acquire Headwaters Inc. in a cash deal with enterprise value of approximately $2.6 billion; stockholders will receive $24.25 per share, a 21 percent premium to Headwater’s closing price leading into the merger proposal.

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Mariner returns to Boral USA as successor to CEO Borm

Sources: Boral Ltd., Sydney; CP staff

Boral Building Products Executive General Manager David Mariner will return in June from an 18-month Australia tour of duty to become Boral USA president and chief executive officer. He joined Boral USA in 2010, overseeing the Cultured Stone business, then the Cladding Division, and assumed his current overseas post in December 2014.

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