Boral Completes Headwaters Purchase
(May 10, 2017) Boral Ltd. has completed its acquisition of Headwaters Inc., South Jordan, Ut., a leading building products manufacturer and fly ash marketer in North America.
Headwaters produces 29 building products brands, including siding and trim (including Kleer, Mid-America Siding, Atlantic shutters, Tapco Tools, and Clubhouse deck and rail), roofing (Entegra, Inspire), stone (El Dorado), and windows (Krestmark, Legacy).
Effective 8 May, Headwaters became a wholly owned subsidiary of Boral Ltd. and no longer a publicly traded company.
Boral’s CEO and managing director, Mike Kane, said the acquisition was a transformative step for Boral, its employees, customers and for shareholders, positioning the Group to deliver more sustainable growth through the market cycles.
Boral USA and Headwaters combined will form a new division to be named Boral North America—a $1.8 billion revenue business—which will be headquartered in Atlanta, Ga., the location of Boral’s current U.S. headquarters.