USG Corporation and Boral Limited announced the completion of their previously communicated 50/50 strategic joint venture, USG Boral Building Products. The joint venture creates a world-leading building products business with sales and operations across Asia, Australasia and the Middle East.
In connection with the joint venture, Boral has contributed its Gypsum division, which includes its plasterboard operations in Australia and Asia, and USG has contributed its Asian and Middle Eastern businesses, as well as exclusive access in the joint venture’s territory to its world-leading ceilings, cement board, fiber board, and lightweight drywall and joint compound building products technologies.