October 16, 2018 / 9:36 PM / in a month

Australia's Boral to sell its U.S. Block business for $156 million

(Reuters) - Building and construction materials maker Boral Ltd (BRL.AX) on Wednesday said it would sell its U.S. Block business to Quikrete Holdings for $156 million.

The divestiture comes as the company seeks to focus on its core building products business and is expected to be complete around mid-November.

Reporting by Nikhil Subba in Bengaluru; Editing by Chris Reese

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