Boral Limited is an Australian building and construction materials company. It is owned by Seven Group Holdings.
History Boral was founded by David Craig on 4 March 1946 as Bitumen and Oil Refineries (Australia) Limited with Caltex having a 40% shareholding. In March 1947, it opened Matraville Refinery, Australia's first bitumen and oil refinery.Boral’s History 1946 – 1949 Boral In 1963, the company was renamed Boral Limited having been commonly referred to by its acronym since it commenced trading. In 1964, it purchased the Gas Supply Company with 28 coal gas companies in New South Wales, Queensland and Victoria. In 1968 Boral sold a 50% stake in its refining business to Total, before selling it the remainder in January 1972.Boral shareholders approve Canberra Times 4 April 1968 page 25 In 1969, it entered the building materials industry through a number of acquisitions.1960 - 1969 Boral1970 - 1979 Boral
In 1979, Boral entered the United States market, purchasing a 55% shareholding in California Tile from Amalco. In February 1987 Boral purchased cement manufacturer Blue Circle Southern Cement from BHP and Blue Circle Industries.Blue Circle cements $100m Boral profit Canberra Times 8 March 1988 p. 231980 - 1989 Boral In 1990, Midland Brick was purchased.70 Years building WA Midland Brick
In January 2000, Boral sold its tyre business to Bridgestone.Bridgestone buys Boral's tyre business Truck & Bus Transportation March 2000 page 15 In February 2000, Boral's energy assets were spun off into a separate listed entity, Origin Energy.Admission to Official List Australian Securities Exchange 4 January 2011
In December 2020, Boral sold Midland Brick to BGC.BGC's proposed acquisition of Midland Brick not opposed Australian Competition & Consumer Commission 17 December 2020 This followed Boral selling its bricks business on Australia's east coast in 2016.
In April 2021, Boral divested its plasterboard business, completing the process with the sale of its 50 per cent interest in the USG Boral joint venture to Knauf for US$1 billion.Baird, Lucas. Boral launches share buyback after $1.3b divestment Australian Financial Review 1 April 2021 In May 2021, Seven Group Holdings launched a takeover offer.Deare, Steven. Boral asks investors to reject Seven bid The West Australian 11 May 2021 In June 2021, Boral sold its United States operations to Westlake Chemical.Boral agrees to sell its North American building products business Boral 21 June 2021
In July 2021, Seven gained control of Boral with a 70% shareholding.Notice of change of interests of substantial holder Boral 30 July 2021 In February 2024, Seven Group Holdings launched a takeover offer for the remainder of the shares it did not own. It was rejected by Boral's board.Boral rejects Seven Group Holdings $3.1bn takeover offer Business News 19 March 2024 After revising the offer, Seven Group Holdings gained full ownership of Boral in July 2024 and the company was delisted from the ASX.
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