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Reuters
Reuters
Business

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

FILE PHOTO: The logo of Boral Ltd, Australia's biggest supplier of building products, adorns the side of a cement truck in Sydney, Australia, November 23, 2016. REUTERS/David Gray

(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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