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 North America rises from Boral Ltd., Headwaters merger

Sources: Boral Ltd., Sydney; CP staff

Boral has consummated a $2.6 billion takeover of South Jordan, Utah-based Headwaters Inc., following clearance from the U.S. Federal Trade Commission. The deal brings the suitor significant 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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