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".

Latest press releases

Show me all press releases

Transactional Services group appoints two partners in Singapore

Multinational law firm Pinsent Masons has appointed Transactional Services partners Nicholas Hanna and Mark Tan, as it grows its corporate capabilities in Singapore.

Best Lawyers Germany 2020: 23 Pinsent Masons' partners ranked

Handeslblatt and Best Lawyers recognised 23 partners of multi-national law firm Pinsent Masons as Best Lawyers in Germany 2020.

Pinsent Masons hires real estate regulatory and investment partner in Germany

Multinational law firm Pinsent Masons has hired real estate funds regulatory and investment specialist Dorothee Atwell into its Frankfurt office

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises Laing O'Rourke on New South Wales bushfire recovery

Multinational professional services firm Pinsent Masons is advising Laing O’Rourke on the first phase of recovery clean-up works following recent bushfires across New South Wales (NSW).

Changes needed to drive infrastructure's technology revolution

A global infrastructure survey by international law firm Pinsent Masons has revealed that there is still a lack of understanding of technology across the sector, which is prohibiting change.

Launch 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.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts