Boral has officially started a process for a potential sale of its large fly ash business in the United States which also includes looking at joint ventures or strategic alliances, in a move which could unwind the big growth platform set up by former chief executive Mike Kane.
Boral has hired investment bank Royal Bank of Canada to run the process for the fly ash business, which produces around 7 million tonnes annually and is the market leader in the US in this segment.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
