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Headwaters launches stock offering

Published December 19, 2012 8:05 am

This is an archived article that was published on sltrib.com in 2012, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Headwaters Inc., a South Jordan-based building products company, said it has launched a public offering of 10 million shares of its common stock at a price to the public of $7.25 per share.

The company expects to use the proceeds from the sale of the stock to acquire the assets of Kleer Lumber Inc., a manufacturer of PVC trim board and moulding products, and for general corporate purposes.

Headwaters said it expects the offering to be completed Monday.