Cement News tagged under: Hanson Building Products

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Hanson Building Products announces name change to Forterra

06 October 2015, Published under Cement News

Hanson Building Products has changed its company name to Forterra, following a recent divestment by former owners HeidelbergCement. The rebranding brings with it a new logo and a fresh identity to the established business, which has a trading history spanning back several decades, while its wide selection of products and services will be unchanged, according to the company. Stephen Harrison, UK Managing Director of Forterra, said; “The Hanson name and logo may have been replaced by Forterr...

HeidelbergCement completes sale of North American and UK building products business

17 March 2015, Published under Cement News

HeidelbergCement on Friday completed the sale of its North American (excluding Western Canada) and United Kingdom building products business (collectively “Hanson Building Products”) to an affiliate of Lone Star Funds. “I am very glad to be able to hand over Hanson Building Products to a buyer which as an experienced financial investor will support the sustainable development of the business going forward,” said Dr Bernd Scheifele, CEO of HeidelbergCement. “This transaction marks the com...

HeidelbergCement to sell its North American and UK Building Products Business

24 December 2014, Published under Cement News

HeidelbergCement announced that it has entered into a definitive agreement with an American affiliate of Lone Star Funds to sell its North American (excluding Western Canada) and United Kingdom building products business, Hanson Building Products, for an total price of US$1.4bn, of which up to US$100m will be payable in 2016, depending on the performance of the business in 2015. The closing is subject to the satisfaction of customary closing conditions. HeidelbergCement expects the transacti...

HeidelbergCement

03 October 2014, Published under Cement News

HeidelbergCement has filed for a potential IPO of Hanson Building Products Ltd, the concrete and clay building products activities in Great Britain, the United States and Canada. No timeframe has been indicated as yet and this business could still become the subject of an industrial sale.  

Hanson Building Products files for IPO

16 September 2014, Published under Cement News

HeidelbergCement announced that its subsidiary, Hanson Building Products Ltd, has filed a registration statement with the US Securities and Exchange Commission for a potential initial public offering (IPO) of its ordinary shares. The move is part of HeidelbergCement’s plan to divest a significant portion of its building products business in North America and the UK. The number of shares to be offered and the price range for the potential offering have not yet been determined, HeidelbergCeme...