Headwaters Incorporated is a world leader in creating value through innovative advancements in the utilization of natural resources. Headwaters is a diversified growth company providing products, technologies and services to the energy, construction and home improvement industries. The Company is the industry leader in managing and marketing coal combustion products ("CCPs") in the United States. Headwaters is also developing and commercializing proprietary technologies to convert or upgrade fossil fuels into higher-value products. The Company rolled out its new coal cleaning business in the fall of 2007 and plans to have 10 facilities operating by the end of calendar 2008.
Headwaters has experienced dramatic growth over the last several years, generated from internal growth, as well as through its solid track record of successfully integrating opportunistic acquisitions. Revenues have grown from $6.7 million in fiscal 1999 to over $1.2 billion at the end of fiscal 2007.
Seeking to diversify its revenue base Headwaters has substantially expanded other areas of its businesses. During fiscal 2004 the Company made a significant expansion into the building products arena with the acquisitions of Tapco International (#1 U.S. market share in specialty siding accessories and shutters), Eldorado Stone LLC (#1 U.S. market share in manufactured stone products), and Southwest Concrete Products (#1 in the Texas concrete block market).
