Global Infrastructure SherpaWestlake Corporation to Acquire Boral North America Building Products Businesses
Westlake Corporation announced it will acquire Boral North America’s building products businesses, which includes roofing, siding, trim and shutter businesses, for $2.15 billion. This acquisition expands Westlake's building products portfolio.
Source Intelligence
Boral’s North American building products businesses employ approximately 4,600 employees at 29 manufacturing sites in the United States and Mexico. Boral’s North American building products businesses generated revenues in excess of $1 billion during the fiscal year ended June 30, 2020. Westlake expects the proposed transaction to be accretive to its earnings in the first full year of combined operations and expects cost synergies of approximately $35 million per year.
"Westlake Corporation will acquire Boral Ltd.’s North American building products businesses for $2.15 billion"
"Westlake Corporation will acquire Boral Ltd.’s North American building products businesses for $2.15 billion"
"Westlake Corporation (NYSE: WLK) today announced that it has entered into a definitive agreement with Boral Industries Inc., a wholly owned subsidiary of Boral Limited (ASX: BLD), under which Westlake will acquire Boral’s North American building products businesses in roofing; siding, trim and shutters; decorative stone; and windows for $2.15 billion in an all-cash transaction."