Sydney-based Boral fly ash unit's sale gains traction
Cement

Sydney-based Boral fly ash unit's sale gains traction

Australian construction material firm Boral Limited's sale of fly ash units, is attracting interest from companies including Holcim Limited and Waste Management Income.

Germany's HeidelbergCement AG is also studying a potential purchase of North America's business, worth $1 billion, sources said.

Sources said that the sale of the units has also attracted private equity firms. Deliberations are in the process, and there is no assurance that the firms will proceed with formal offers.

Boral announced that April's sale of fly ash would reduce the capital debt and return the money to the shareholders. The company agreed to sell its North American building materials business in June to Westlake Chemical Corporation for nearly $2.15 billion. It is looking to unwind its US business from the 2017 acquisition of Headwaters Inc at an enterprise value of $2.6 billion.

Fly ash is a residue made from burned pulverised coal used in concrete, grouts, and structural fillers. It is a recyclable material and companies such as Holcim Ltd and Waste Management Inc see it as a way to create a more sustainable construction sector.

According to data, the sale of fly ash comes in the middle of the building products deal with a transaction value of $57 billion, announced this year. It is an increase of over 400% in the same period in 2020.

In July, as per the sources, Spectrum Brands Inc is exploring options for its hardware and home improvement sector. Earlier in the last week, AEA Investors and British Columbia Investment Management Corporation agreed to the sale of Springs Window Fashions, a manufacturer of customised window coverings.

Image Source


Also read: Mangaluru civic body asks waste generators to build treatment units

Australian construction material firm Boral Limited's sale of fly ash units, is attracting interest from companies including Holcim Limited and Waste Management Income. Germany's HeidelbergCement AG is also studying a potential purchase of North America's business, worth $1 billion, sources said. Sources said that the sale of the units has also attracted private equity firms. Deliberations are in the process, and there is no assurance that the firms will proceed with formal offers. Boral announced that April's sale of fly ash would reduce the capital debt and return the money to the shareholders. The company agreed to sell its North American building materials business in June to Westlake Chemical Corporation for nearly $2.15 billion. It is looking to unwind its US business from the 2017 acquisition of Headwaters Inc at an enterprise value of $2.6 billion. Fly ash is a residue made from burned pulverised coal used in concrete, grouts, and structural fillers. It is a recyclable material and companies such as Holcim Ltd and Waste Management Inc see it as a way to create a more sustainable construction sector. According to data, the sale of fly ash comes in the middle of the building products deal with a transaction value of $57 billion, announced this year. It is an increase of over 400% in the same period in 2020. In July, as per the sources, Spectrum Brands Inc is exploring options for its hardware and home improvement sector. Earlier in the last week, AEA Investors and British Columbia Investment Management Corporation agreed to the sale of Springs Window Fashions, a manufacturer of customised window coverings. Image Source Also read: Mangaluru civic body asks waste generators to build treatment units

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code