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Boral Ltd And USG Corp Announce $1.6 Billion Joint Venture-Reuters

Wednesday, 16 Oct 2013 06:25pm EDT 

Reuters reported that Boral Ltd and USG Corp said that they had agreed to a joint venture to bring together Boral's manufacturing and distribution network and USG's technologies. The joint venture, which will make plasterboard and ceilings, will be owned 50% by Boral and 50% by USG, the companies said in a statement. USG will pay up to $575 million to Boral and the $1.6 billion joint venture will have operations in 12 countries, the statement said. The JV is expected to complete by January 2014. 

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