Eco Material Technologies, a producer of sustainable cementitious materials, has acquired Boral Resources (Boral), Boral Limited’s North American fly ash business, and Green Cement Inc, a manufacturer of near-zero carbon cement alternatives.
Eco Material is a newly-formed company dedicated to decarbonising the materials industry through scalable and proven technological solutions. As part of the combination, Eco Material received significant investments from One Equity Partners (OEP), a middle market private equity firm, Warburg Pincus, a global growth investor, and historical Green Cement shareholders.
Along with these investments, the Company priced and closed USD525 million of Green Bonds to facilitate the combination transaction.
