Boral Ltd. plans to unload 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 and 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.
Boral Construction Materials reported sales just over $50 million for the six months ended December 2017. While the unit has performed well, Boral Managing Director Mike Kane notes that it represents Boral North America’s lone ready mixed concrete and aggregate profit center. “[Our] strategy in the USA is focused on growing our building products and fly ash businesses,” he adds. “As we continue to strengthen our core business and deliver synergies from the Headwaters acquisition, the time is right to realize value by divesting Construction Materials.”
The business emerged in 2004 from acquisitions in Colorado and Oklahoma as then-Boral USA sought a stake in ready mixed concrete and aggregates, alongside its Material Technologies and Bricks operations. In the wake of the U.S. housing bubble and early post-recession years, Boral USA acquired the Owens Corning Cultured Stone business and pursued a Headwaters Inc. merger—positioning the ultimate Boral North America as a premier player in fly ash marketing, manufactured stone veneer, plus companion masonry and trim products.
|Boral produces Versetta Stone in Midnight, a dark gray hue with almond tones, and Sea Salt, a creamy beige and khaki blend.|
CARVED PROFILE SHAPES BORAL VERSETTA LINE
Boral North America’s Roswell, Ga.-based Building Products Division, a top player in manufactured stone veneer, is extending its Versetta Stone lineup with Carved Block, a profile reminiscent of split-face units. Shipped in 36-in. x 8-in. panels, Versetta mortarless stone veneer provides the aesthetics and texture of authentic stone masonry without the added skill and time required for installation. A larger stone format—with units from 16- to 20-in. wide and 8-in. high—Carved Block suits modern home styles and light-commercial applications. The Class A fire-rated panels install easily with nails or screws; do not require additional footings for support; and, feature an integrated moisture management system.
“Carved Block is a complete departure from our other profiles, offering a much more contemporary aesthetic,” says Boral Building Products’ Manager Aaron Sims. “It fills a need for something different in masonry, for a look that is clean and modern against other popular trends such as large-format floor tiles and quartz slabs.”