USG and Boral joint venture on track, but delayed

The USG Corporation/Boral Limited joint venture, which was originally slated for completion Jan. 31, has been delayed about a month over regulatory procedures.

The completion of the 50/50 strategic joint venture is now expected to occur on or before Feb. 28, 2014.

The joint venture, to be named USG Boral Building Products, will include Boral's Gypsum division, which includes its plasterboard operations in Australia and Asia, and USG's Asian and Middle Eastern businesses.

The move is aimed at harnessing both companies' branding, geographic footprint and positioning within the burgeoning plasterboard market.