Australia's Boral exits U.S. with US$755mil fly ash business sale

The sale, to Eco Material Technologies, which is backed by private equity firms One Equity Partners and Quadrant Management, means Boral will have sold its U.S. businesses for more than A$4 billion ($2.80 billion), Chief Executive Zlatko Todorcevski said.

SYDNEY: Australia's top construction materials maker Boral Ltd said on Monday it will sell its North American fly ash business for $755 million, marking its exit from the market as it looks to focus on its domestic business.

Boral has been selling its U.S. businesses since last year in a retreat from its global expansion strategy that led to a hefty writedown in 2020.