Eco Material Technologies Formed Through Combination of Boral Resources and Green Cement
February 10, 2022
Eco Material Technologies completed acquisitions of Boral Resources (Boral Limited's North American fly ash business) and Green Cement Inc., creating a national platform for sustainable cement alternatives. The new company received significant investments from One Equity Partners and Warburg Pincus and closed $525 million of green bonds to facilitate the combination, forming a PE-backed platform focused on decarbonizing cement through fly ash distribution and near-zero carbon cement technologies.
- Buyers
- Eco Material Technologies, One Equity Partners, Warburg Pincus
- Targets
- Boral Resources, Green Cement Inc.
- Sellers
- Boral Limited, Historical Green Cement shareholders
- Industry
- Building Products
- Location
- Utah, United States
- Transaction Type
- Buyout
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