Pillsbury represented Utah-based building products provider Headwaters Inc. in its $2.6 billion acquisition by Australian construction materials supplier Boral Ltd.

According to The Deal, the acquisition has been unanimously approved by the boards of directors of both companies, is subject to Headwaters' stockholder and regulatory approvals and is expected to be completed in mid-2017.

Headwaters is a diversified building products supplier and also has been one of the largest U.S. sellers of fly ash, as well as stone, concrete and specialty roofing products. Its energy unit has a process for converting coal into liquid fuels through its direct coal liquefaction technology.

San Francisco Corporate & Securities partner David Lillevand led the Pillsbury team, which included Deborah Carrillo, Paul Casas, Michael Sibarium, Alvin Dunn, Philip Tendler, Laura Hannusch, Norman Carlin, Brian Wainwright, Peter Hunt and Adam Weaver, among others.