SYDNEY: Boral Ltd, Australia’s biggest supplier of building materials, said it would buy Headwaters Inc for US$1.8bil in cash, doubling its US presence at a time when president-elect Donald Trump plans a huge jump in infrastructure spending.
The combined entity would become the largest US supplier of fly ash, a key ingredient in concrete. Trump has said infrastructure spending will be a priority and aims to spend US$1 trillion over 10 years.
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