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Tag: Headwaters

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

Concrete News
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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

Concrete News

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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Headwaters on board with Boral merger offer

Concrete News

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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Headwaters sees double-digit increases in fly ash volumes

Concrete News

In a third-quarter earnings report noting 8 percent revenue and 11 percent EBIDTA gains against the same period in 2015, Utah-based Headwaters Inc. offers guidance on a rebound in the slightly lagging core area of its Construction Materials business: Fly ash and other coal combustion products (CCP) shipments.

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Headwaters to integrate fly ash-based CalStar process into Block Group

Concrete News

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

Headwaters has acquired the fly ash-centered technology of recently liquidated brick, paver and masonry trim operator CalStar Products. The intellectual property will be integrated into the Block Group, with concrete masonry production and distribution in Texas and Louisiana, through Headwaters Construction Materials, the leader in ASTM C618 fly ash processing and marketing.

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Headwaters bullish on long-term fly ash availability, consumption trends

Concrete News

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

Backed by findings from an American Coal Ash Association (ACAA) report on U.S. production and utilization of coal combustion products (CCP), the top marketer of ASTM C 618-grade fly ash foresees 20 years of supply chain stability—countering the perceived effect of present regulatory and energy market forces reshaping power utilities’ fuel profile.

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Headwaters enters concrete roof tile market Via Entegra

CP Staff

Utah-based Headwaters Inc. has closed on separate transactions involving an 80 percent equity interest in Okeechobee, Fla.- based Roof Tile Inc., which produces and markets Entegra brand concrete lines in Florida and Caribbean markets, plus a 40 percent stake in a related joint venture behind Tag & Stick, a roofing underlayment product.

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Headwaters acquires majority stake in Florida roof tile business

Concrete News

Sources: Headwaters Inc., South Jordan, Utah; Lincoln Intl., Chicago; CP staff

Headwaters has closed on separate transactions involving an 80 percent equity interest in Okeechobee, Fla.-based Roof Tile Inc., which produces and markets Entegra brand concrete lines in Florida and Caribbean markets, plus a 40 percent stake in a related joint venture behind Tag & Stick, a roofing underlayment product.

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