The acquisition will more than double the size of Boral's US operations and boost its flyash business, which is most commonly used as a partial replacement for cement in producing concrete.
Reuters are reporting that Australian cement maker Boral Ltd. is offering US$1.8 billion to take over Headwaters Incorporated, a building-materials business with a particularly strong position in flyash cement - the grey, lightweight material used to make construction blocks.
The acquisition will more than double the size of Boral's US operations and boost its flyash business, which is most commonly used as a partial replacement for cement in producing concrete.
