Australia-based manufacturer of construction materials, Boral is selling its Denver-based concrete and quarries business for $127m to Brannan Sand and Gravel – according to a report by the Denver Business Journal.
In a statement, Mike Kane, Boral's chief executive officer, said the time is right for the company to realise value by divesting the construction materials business in Colorado.
Kane adds: “while the Colorado construction materials business has performed well, these are the only concrete and quarry operations that Boral owns in the USA and the business is non-core."
Boral has a materials business in Asutralia, an interior linings joint venture in Asia and a building products and fly ash business in North America.
