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Holcim, Waste Management Are Among Suitors for Boral Unit

  • Fly ash business could be valued at more than $1 billion
  • Boral sold its building products business to Westlake in June
relates to Holcim, Waste Management Are Among Suitors for Boral Unit

Photographer: Jack Atley/Bloomberg

Australian construction materials group Boral Ltd.’s sale of its fly ash unit is drawing initial interest from suitors including Holcim Ltd. and Waste Management Inc., people familiar with the matter said.

Germany-based HeidelbergCement AG has also been studying a potential purchase of the North America-focused business, which could be valued at more than $1 billion, the people said, asking not to be identified discussing confidential information.