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

Pinsent Masons advises NTR plc on 54MW portfolio of co-located solar and battery storage projects in Ireland

Multinational law firm Pinsent Masons has advised NTR PLC on the acquisition of a 54MW portfolio of co-located solar and battery storage projects in County Wexford, Ireland, from renewable energy developer RES.

Pinsent Masons advises on Four Seasons Care Homes portfolio migration

Multinational law firm Pinsent Masons has advised propco investor LDC Care Homes and its asset and investment manager Elevation Advisors on the migration of a care homes portfolio from Four Seasons Health Care Group (FSHC) to new operators.

Pinsent Masons advises Teva Pharmaceuticals on €84m sale of its consumer healthcare brand portfolio to Karo Pharma AB.

Multinational law firm Pinsent Masons has advised Teva Pharmaceuticals’ subsidiary, Actavis Group PTC, on the successful €84m sale of a suite of consumer healthcare products to Karo Pharma AB (Karo).

People who viewed this press release also viewed

Show me all press releases

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.

Multiple wins at China Business Law Awards 2020

International law firm Pinsent Masons has won in three categories and two Belt and Road Deal of the Year awards at China Business Law Journal's annual awards.

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