Concrete Products covers the issues that attract producers of ready mixed and manufactured concrete focusing on equipment and material technology, market development and management topics.
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14 • June 2017 www.concreteproducts.com NEWS SCOPE BY DON MARSH Boral Ltd. consummated a $2.6 billion take- over 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. Boral USA and Headwaters are combining to form a new division, Boral North America, based in Atlanta with annual sales of $1.8 billion. Boral Ltd. projects U.S. business syn- ergies of $30 million to $35 million early on, climbing to $100 million by 2020. Boral USA President and CEO David Mariner will main- tain his titles at Boral North America and lead an integration team. While management awaited U.S. regula- tor approval on a merger plan unveiled in November, notes Boral Ltd. CEO Mike Kane, "We continued to develop our integration plans and are confident in the synergy Boral North America division emerges from Boral Ltd., Headwaters union A pre-merger shareholder presentation charts the depth of exterior Headwaters Building Prod- ucts offerings complementing the Boral USA stone, brick and related cladding portfolio. Head- waters Inc. framed the graphic as "Wrapping the house with high-margin, niche products." targets established when the transaction was announced. Both organizations are highly aligned strategically and culturally so it's an exciting time as we come together to deliver substantial value for customers, shareholders and employees." "Reaching this milestone demonstrates the commitment and belief we all have in this value-creating merger of two great businesses," Kane adds. "We are ready and well-positioned to deliver on our promises." +1.989.354.4111 besser.com Responsive technical and maintenance assistance, extensive parts inventory Blockmakers Workshops ® at the WCCT and custom onsite training Partnerships for research and assistance with development and commercialization of waste materials into concrete products Access to a global network of Alliance Partners to bring NEW, value added units and systems to your product line Expert Support Reconditioned Machines SERVOPAC ® SELECT SERVOPAC ® CLASSIC SERVOPAC ® PREMIER Reconditioned and rebuilt block machines, pipe machines and mixers Custom Curing systems Custom and standard molds Servopac ® Family of Machines, CAM Family of Machines and BiDi ® Pipe Machines CAM machine upgrades: Advanced Servo Vibration (ASV) and Servo Main Drive (SMD) Versatile, Responsive and Hard Working Production Systems