Find a contractor Buyer's guide Partner with us
MCAA Logo
Log in Sign up Join Hi, there Account
2026 Midyear Registration is OPEN
Find a contractor Buyer's guide Partner
Log in Sign up Join Account

Boral Sells Its 40 Percent Interest in Boral CSR Bricks Joint Venture

Words: Rob BeusanBoral Limited has agreed to sell its 40 percent interest in the Boral CSR Bricks joint venture to CSR Ltd. for a total cash consideration of $133.9 million. The sale was expected to be effective Nov. 1, 2016. In the year to June 30, 2016, Boral recognized an equity-accounted post-tax earnings contribution of $11.7 million from its 40 percent interest in the joint venture. As a result of the divestment, Boral expects approximately a $6.5 million lower equity earnings contribution in FY2017 relative to FY2016.

Boral will recognize a $20—25 million post-tax profit on the sale, which will be reported as a significant item in FY2017.

Boral retains ownership of the Scoresby brick site in Victoria, and will continue to lease it to CSR. Boral has an option to terminate the lease in 2025 with three years’ prior notice.

Boral’s CEO and managing director, Mike Kane, said that while the joint venture has performed well and delivered significant synergies following integration of the two businesses, “now is the right time to realize value for the business and redirect capital to Boral’s core operations in line with our strategy.”
 0
Why Mast Climbers Have Become Indispensable in Modern Masonry
August 2026

Masonry is one of the oldest trades in the construction industry, yet it continues to evolve. While the principles of laying brick and stone have remained largely unchanged for centuries, the equipment supporting masons has undergone a dramatic transforma

Julie Rainville Vera Autushka
MAP Partner
Read More
Moisture in Masonry: A Key Concern
August 2026

As building envelopes become tighter and more performance-driven, clarity around moisture management in masonry applications is more important than ever. In masonry wall assemblies, where water penetration is expected and managed rather than eliminated, t

Technical Talks
Read More
Revailo Upgrades to Platinum in the 2026 and 2027 MAP
August 2026

The Mason Contractors Association of America (MCAA) is thrilled to announce that Revailo will upgrade their Silver partnership to a prominent Platinum partnership for the remainder of the 2026 MAP and for the duration of the 2027 MAP.

Industry News
Read More
Designing High-Performance Masonry Envelopes: Selecting the Right Air Barrier System
August 2026

Aric Hutchinson
Technical Talks
Air Barriers
Read More