Boral Confirms Merger Clearance Obtained for North American Bricks Joint Venture

Words: Rob BeusanBoral Limited has obtained merger clearance from the U.S. Federal Trade Commission for the previously announced North American Bricks joint venture with Forterra Brick. The parties are now working toward a completion date on or before November 30, 2016. Boral will recognize its earnings contribution from the joint venture on an equity accounted basis, from commencement of the joint venture.

Paul Samples has been appointed CEO of the bricks joint venture, reporting through to the equally represented joint-venture board. Samples brings over 30 years of experience with Boral in the U.S. brick industry.
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