Boral Limited announced it has entered an agreement with a subsidiary of Westlake Chemical Corporation to sell its North American Building Products business for $2.15 billion.

Houston-based Westlake is a manufacturer of packaging and healthcare products as well as automotive and consumer goods and building and construction products. Boral’s North American building products businesses employ approximately 4,600 employees at 29 manufacturing sites in the U.S. and Mexico. Boral’s North American building products businesses generated revenues in excess of $1 billion in 2020.

“We are confident that this change of ownership to Westlake, with its strong history and focus on innovative exterior building products, will support the prospects for our North American Building Products business, which includes roofing, stone, light building products and windows businesses,” said Boral CEO and Managing Director Zlatko Todorcevski in a written statement.

The transaction is expected to be completed in the first half of fiscal year 2022, allowing for the regulatory approval process.

“This transaction will bring well-established and high-quality architectural solutions and premium product brands in roofing; siding, trim and shutters; decorative stone; and windows to complement our existing businesses, including Royal Building Products’ siding, trim and molding, DaVinci composite roofing, NAPCO Pipe and Fittings, and specialty PVC compounding business,” said Westlake President and CEO Albert Chao.

Boral has owned and operated building products businesses in the U.S. for more than 40 years. Todorcevski said the company recognizes and value the contribution that its North American building products’ employees and customers have made to the Boral Group over that time. Boral and Westlake will work together to ensure a smooth transition for customers and employees.

“The combination of Boral North America’s product lines with Westlake’s building products businesses will greatly expand our housing-related building products business and extend our presence in North America. We look forward to welcoming the Boral employees to the Westlake family and realizing the tremendous opportunities to grow the combined businesses,” said Chao.

As part of the review of Boral’s North American Fly Ash business (announced on April 15), Boral is continuing to explore value creation opportunities through a potential joint venture, strategic alliance, divestment to a third party or continued ownership of the Fly Ash business. Updates on this are expected to occur in August.

SCOTTSDALE, Ariz. — Carlisle Companies Incorporated announced that construction has begun on Carlisle Construction Materials’ (CCM) sixth TPO manufacturing line, which Carlisle says will produce the commercial roofing industry’s first 16-foot-wide TPO membranes. According to a release, the new line, located in Carlisle, Pa., will add to CCM’s industry-leading production capacity with the widest TPO sheets on the market.

Consistent with Carlisle’s Vision 2025 strategy to invest in high-returning businesses, the new TPO line will support organic growth initiatives and also create jobs for the city of Carlisle and surrounding communities. The new line will begin production in early 2022.

“I am extremely pleased to announce this investment in CCM, and in the city of Carlisle, demonstrating our continued commitment to be a leading supplier of innovative products for energy-efficient buildings and to deliver the premium Carlisle Experience to our customers," said Chris Koch, chairman, president and CEO. "Today’s announcement confirms Carlisle’s position as a leading building products company.”

The widest width TPO membrane in the market today is available in a 12-foot sheet and was introduced by Carlisle in 2001. Wider TPO membranes have been an ongoing customer request, particularly with the steady increase in adhered and induction welded assemblies. Contractors using CCM’s new 16-foot-wide TPO membranes can expect significant labor savings and improved installation quality, as there will be fewer rolls to handle, more than 25% fewer seams to weld, and less packaging waste to dispose of at the end of the project.

CCM created the first single-ply roofing membrane more than 50 years ago and in 1998 became the first manufacturer to build a dedicated TPO roofing membrane line. Since then, TPO has become the most widely used single-ply roofing membrane in the world and remains the fastest-growing segment of the commercial roofing industry. Carlisle’s other TPO innovations include TPO with APEEL™ Protective Film, and TPO with Self-Adhering Technology.

“The new 16-foot TPO line is another important milestone in Carlisle’s century-long history of innovation," said CCM President Nick Shears. "CCM has always focused on bringing innovations to the roofing industry because these products offer significant, strategic, and practical advantages for our customers. The new TPO line is reflective of CCM’s continuing investment in new products, our customers, and in the commercial roofing industry.”

MEMPHIS, Tenn. — BluSky Restoration Contractors LLC appointed Mike Scott as vice president of its Memphis, Tenn., office. In his new role, Scott will be responsible for managing all of BluSky's Memphis branch operations including business development, customer relationships, project management, and administration.

"We're excited to welcome Mike to our team," said Chris Popwell, BluSky midsouth regional vice president. "Not only will he bring a tight focus on quality assurance, but he'll also be a strong champion of the customer service, teamwork, and integrity that our clients count on every day."

Scott began his career in the construction industry more than 25 years ago, and is a licensed HVAC, plumbing, and electrical contractor in the states of Tennessee, Mississippi, and Arkansas. He lives in Arlington, Tenn., with his three children.

SAN ANTONIO — US LBM reached a definitive agreement to acquire J.P. Hart Lumber and Hart Components, a building products distributor and manufacturer with eight operating locations across Texas. Upon completion of the acquisition, US LBM will operate 65 locations in Texas.

Founded in 1939 by J.P. (Jimmie) Hart and headquartered in San Antonio, Hart's operations serve the major markets in Texas with five building materials yards and one window distribution facility across Austin, Houston, Dallas-Fort Worth and San Antonio. Hart Components operates two roof truss and wall panel manufacturing facilities in Austin and San Antonio.

"Joining with US LBM in our 82nd anniversary year will allow us to continue to grow, provide new solutions for our valued customers and opportunities for our dedicated people," said W.B. (Speedy) Hart and Greg Wright.

Both Hart and Wright will remain with the company, with Wright continuing to lead day-to-day operations following completion of the acquisition.

"The Hart team is widely respected and known for excellence and innovation by professional builders across Texas," said US LBM President and CEO L.T. Gibson. "When this acquisition is completed, US LBM will have an expansive network across Texas, with a strong presence in every major housing market, including Austin, Houston, Dallas-Fort Worth and San Antonio."

In May, US LBM added 38 locations in Texas through the acquisition of Higginbotham Brothers.

The transaction is expected to close during the third quarter of 2021, subject to customary closing conditions. In May, US LBM announced an agreement to acquire American Construction Source, a national building materials distribution platform, which is also expected to close in the third quarter of 2021.

The JIAN Group LLC acted as financial advisor to Hart, with Norton Rose Fulbright and WyrickRobbins serving as legal counsel to the company.

GALENA, Kan. — TAMKO announced the promotions of two key leaders to bolster its sales and marketing. Longtime TAMKO executive Stephen McNally has been promoted to senior vice president, and Alex Hines has been promoted to McNally’s previous position of vice president of sales and marketing.

McNally joined TAMKO in 1989 as a territory manager, earning successive promotions to Northeast District sales manager, assistant vice president-sales and marketing and his most current role as vice president of sales and marketing. McNally will continue to provide executive leadership to critical areas related to TAMKO’s sales and marketing efforts, including future expansions of TAMKO’s new Proline Series shingles introduced earlier this year.

“Stephen has done an outstanding job leading TAMKO’s sales and marketing, driving tremendous growth in sales, profits, creating mutually beneficial customer relationships and mentoring and developing an outstanding TAMKO sales team,” said TAMKO’s Chairman and CEO David Humphreys. “Alongside Stephen’s leadership, Alex has played a key role over the last 16 years to TAMKO’s sales and marketing operations, so we’re looking forward to the continued growth these promotions will bring to TAMKO.”

Hines earned a bachelor’s degree in Business Administration with an emphasis in marketing from Missouri Southern State University prior to joining TAMKO in 2005 as a project manager. He has earned several promotions to various roles, including corporate account manager, director of marketing, director of builder/contractor relations and his most recent position as assistant vice president of sales and marketing. In his new role, Hines will assume leadership of TAMKO’s sales organization, marketing and communications and warehousing.

“Alex has proven sales success and I’m confident his experience and leadership will help TAMKO continue its focus on sales and marketing,” said McNally. “TAMKO customers are in good hands.”

FROM LEFT: Stephen McNally and Alex Hines. Photos courtesy of TAMKO.