After months of intensive talks between Boral and Knauf, whom the later took control of USG Corporation in April, Boral is poised to buy back full control of its Australian plasterboard business as part of deal with joint venture partner USG.
Boral is expected to say it is finally closing in on a deal that would see it take back full rights to the local plasterboard business and increase its plasterboard exposure in Asia by adding Knauf’s operations to the partnership with USG.
The current USG Boral Plasterboard operations in Australia include manufacturing plants at Port Melbourne, Camellia and Pinkenba. Boral realises having a global partner for help with technology, in particular, is of significant value.
Analysts expect the deal could be worth $500 million to $600 million.
Source: AFR 25th August 2019
