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Saturday 26

May, 2018 6:30 AM



Boral makes $US45m profit on US sale

Boral makes $US45m profit on US sale

Building products supplier Boral has agreed to sell the Concrete & Quarries business it has owned in the United States since 2004.

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By AAP 10.05.2018 10:56 AM

Boral is selling its US Concrete & Quarries business for $US127 million as it narrows its focus on building products in North America.

The company said the Colorado construction materials business had performed well, but it was non-core to Boral's operations and the time was right to realise its value.

Boral expects to make a pre-tax profit on the sale to to Brannan Sand and Gravel Company of $US45 million, which will be included in its financial results for the current financial year, and said the proceeds will be used to reduce debt.

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