Pinsent Masons advises Heidelberg Cement on sale of Building Products Division
19 Jan 2015 | 03:54 pm |
International law firm Pinsent Masons has advised Heidelberg Cement on the UK aspects of the sale of Hanson Building Products to US private equity investor Lone Star Funds.
The aggregate purchase price of US$1.4 billion includes US$100 million payable in 2016 depending on the performance of the business in 2015. The deal is due for completion in the first quarter of 2015.
The sale includes the building products businesses in North America (excluding Western Canada) and the UK.
Hanson Building Products is one of the largest brick producers in North America and the UK, as well as being a leading manufacturer of concrete pressure and gravity pipes in North America. In the UK the business employs a staff of 1,500 and has an extensive network of 18 production sites, including 9 brick plants including those at Measham in Derbyshire, Desford in Leicestershire, Wilnecote in Staffordshire and Kirton in Nottinghamshire.
The sale of the business is consistent with Heidelberg Cement's strategy of focusing on processing and refining raw materials for its core products of cement and aggregates and further downstream activities.
The Pinsent Masons team was led by Corporate Partner, Andrew Kerr, supported by Catherine Hemsworth, Tom Ralph and Stephen Crowther (corporate), Jon Robinson (tax), Ed Sunderland and Vicky Baker (banking) and Laura Seath (commercial).
Andrew Kerr commented: "We were delighted to work closely with Heidelberg Cement and the Hanson UK team on this significant disposal of a non-core business".
Key Contacts
Latest press releases
Show me all press releasesPinsent Masons advises Ebbsfleet Development Corporation on critical land acquisition for garden city project
International law firm Pinsent Masons has advised Ebbsfleet Development Corporation (EDC) on the acquisition of land from Ebbsfleet Investment GP Limited for a landmark regeneration project.
Increase in average prison sentence length for tax evasion - now over two and a half years
There was a 10% rise in the average prison sentence length for tax evasion last year jumping to 2 years 7 months*, up from 2 years 5 months, says Pinsent Masons, the international law firm.
More Mindful Business Charter signings on World Mental Health Day
On World Mental Health day and, one year since the launch of the Mindful Business Charter (MBC), 17 more organisations are adopting the Charter's pledge to change avoidable working practices that can affect mental health and wellbeing.
People who viewed this press release also viewed
Show me all press releasesLaunch of the 2019 international arbitration survey
International law firm Pinsent Masons has collaborated with The School of International Arbitration at Queen Mary University of London for the International Arbitration Survey 2019.
Pinsent Masons launches inaugural collaborative construction report
- Decisive, strong leadership must drive collaboration - Cultural shift crucial to boost collaboration and efficiencies - Launch event on 6 June
Pinsent Masons advises Tepe on landmark state immunity case in Royal Court of Jersey
International law firm Pinsent Masons has advised Turkish construction company, Tepe on its landmark $100 million State Immunity case in the Royal Court of Jersey following long running dispute with Botas
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]