Boral block business brings Quikrete Texas heft

Sources: Boral Ltd., Sydney; CP staff

Boral has announced an agreement to sell its Texas concrete masonry operations to Atlanta-based Quikrete Holdings Inc., anticipating a mid-November closing for the $156 million deal. Boral inherited the block production assets with the May 2017 Headwaters Inc. takeover, and has recently moved to streamline its portfolio around building products and fly ash businesses in North America; the USG Boral gypsum-based wall and ceilings joint venture; and, construction materials production in Australia.

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Brennan rises across Front Range market with Boral plant deal

Sources: Boral Ltd., Sydney; Brennan Companies, Denver; CP staff

Boral Ltd. has reached an agreement to sell its Colorado ready mixed and aggregates operations in a $127 million deal with Denver-based Brannan Sand & Gravel Co. Boral Construction Materials spans a namesake Aggregates site plus six plants under the legacy Ready Mixed Concrete Co. brand. Brannan operates three ready mixed, three aggregate and four asphalt plants serving the Denver-anchored Front Range market, plus an underground-construction business. 

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Boral adds PMI Ash beneficiation technology

Sources: Boral North America, Atlanta; CP staff

The leading manager and marketer of coal combustion products has acquired the Carbon Burn-Out (CBO) technology of PMI Ash Technologies LLC in Raleigh, N.C. The CBO process brings the quality of fly ash produced at coal-fueled electric generating stations to ASTM C618 grade, and can also be used to cost-effectively convert impounded ash to high quality pozzolan for concrete applications.

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Headwaters on board with Boral merger offer

Sources: Headwaters Inc., South Jordan, Utah; Boral Ltd., Sydney; CP staff

A binding merger agreement announced Sunday, November 20, will unite the top two U.S. fly ash marketers and precast concrete stone veneer producers. 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 Headwaters’ November 18 closing price.

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