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 on purchase of Northern Ireland’s first major energy storage project
Multinational law firm Pinsent Masons has advised SUSI Partners on its purchase of a 50MW battery storage project from German renewables developer ABO Wind in Kells, Northern Ireland.
Pinsent Masons launches cyber security platform in response to surge of business cyber breaches
Multinational law firm Pinsent Masons has launched a cyber security platform and behavioural assessment service aimed at measuring and improving information security processes and employee behaviours, in the wake of a surge of business cyberattacks.
Pinsent Masons appoints technology transformation partner in London
Multinational law firm Pinsent Masons has recruited Ruby Khnom as TMT partner in London, where she will add significant strength to two of the firm’s key sectors- technology science & industry and financial services.
People who viewed this press release also viewed
Show me all press releasesPinsent Masons advises Farra Marine on Ireland’s first next generation wind farm service craft
Multinational law firm Pinsent Masons has advised crew transfer vessel owner and operator Farra Marine on Ireland's first next generation wind farm service craft, the Farra Orla.
Pinsent Masons advises Clough Elecnor JV as successful contractor for Australia’s A$1.5 billion Project EnergyConnect
Multinational law firm Pinsent Masons has advised the Clough Elecnor JV, SecureEnergy, on its successful bid to deliver this significant interconnector project for TransGrid.
Race for heat decarbonisation would spur UK’s green economic recovery
A new report published by the Net Zero Infrastructure Industry Coalition explores the scale of infrastructure change needed to achieve net zero heat. The challenge is such that urgent action is required, but the transition to net zero heat offers tremendous opportunities and could lead to the development of completely new industries offering large scale employment and economic growth across the UK.
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]