Brannan Sand & Gravel to buy Boral’s US quarry business

By |  May 16, 2018

Boral agreed to sell its concrete and quarries business in Denver to Brannan Sand & Gravel Co. for $127 million.

The transaction is expected to complete around May 31 and is subject to customary regulatory approvals.

Boral has owned the Colorado construction materials operations since 2004. While the Colorado construction materials business has performed well, Mike Kane, Boral CEO and managing director, says these are the only concrete and quarry operations Boral owns in the United States and that the business is non-core.

“Boral’s strategy in the USA is focused on growing our building products and fly ash businesses,” Kane says. “As we continue to strengthen our core business and deliver synergies from the Headwaters acquisition, the time is right for Boral to realize value by divesting the construction materials business in Colorado.”

Boral is an international building products and construction materials group with divisions: the materials business of Boral Australia; the USG Boral interior linings joint venture in Asia, Australia and the Middle East; and Boral North America, a building products and fly ash business.

Brannan Sand & Gravel, meanwhile, produces and sells construction materials for a variety of building projects across the Denver region.

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