Australia's Boral expands in Asia, regains control of local unit

Australia's Boral expands in Asia, regains control of local unit

FILE PHOTO: Tradesmen work on the roof of a new house at a housing development in the western Sydney suburb of Oran Park in Australia, October 21, 2017. REUTERS/David Gray/File Photo

Australian building materials supplier Boral Ltd said on Monday it has agreed to form a joint venture with Germany’s Gebr Knauf KG to sell plasterboard in Asia, as part of a complex deal that also gives the Australian company back full control of a separate local unit.