Global Cement
The ultimate filtration fibre for cement plants - Evonik - Leading Beyond Chemistry
Online condition monitoring experts for proactive and predictive maintenance - DALOG
Extend the service life of your kiln with veneering. Expect the best. REFRATECHNIK
Your Particulate and Gaseous pollution abatement partner - Thermax
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Services
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Register
  • Trial subscription
  • Contact
News HeidelbergCement’s Hanson Building Products files for IPO

HeidelbergCement’s Hanson Building Products files for IPO

Written by Global Cement staff 16 September 2014
  • Print

UK/US: Hanson Building Products Ltd, which is owned by HeidelbergCement AG, filed with US regulators for an initial public offering of ordinary shares. BofA Merrill Lynch, BNP Paribas and Deutsche Bank Securities are underwriting the IPO, Hanson told the US Securities and Exchange Commission in a preliminary prospectus on 15 September 2014.

HeidelbergCement agreed to buy Hanson plc, which includes Hanson Building, for Euro10Bn in 2007 to create the world's second-largest construction materials company. Hanson Building produces concrete gravity pipe, concrete and steel pressure pipe and clay bricks in the US, eastern Canada and the UK. However, HeidelbergCement has been aiming to offload its US and UK building products business in 2014 to have the best chance of buying cement assets that Lafarge and Holcim must sell when they merge, according to Reuters.

Hanson Building's filing included a nominal fundraising target of about Euro77.3m. The filing did not reveal how many shares the company planned to sell or their expected price. Hanson Building intends to list its common stock on the New York Stock Exchange but did not specify the symbol. HeidelbergCement, the wholly-owned subsidiary of the German cement manufacturer, is selling all the shares in the offering and Hanson Building will not receive any of the proceeds.

Hanson Building reported net income of Euro11.5m for the first six months of 2014, compared with a loss of Euro195m during the same period of 2013. Net sales, however, dropped by 47% year-on-year to Euro462m.

Last modified on 17 September 2014
Published in Global Cement News
Tagged under
  • UK
  • US
  • Hanson
  • HeidelbergCement
  • IPO
  • GCW168

Register for the Global Cement Weekly email newsletter

Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.

Register >

Related items

  • Eagle Materials increases sales and earnings in 2022 financial year
  • HeidelbergCement to acquire 50% stake in CBI
  • HeidelbergCement, Holcim and Sabancı Holding are potential buyers for Sika’s US assets
  • HeidelbergCement joins First Movers Coalition
  • Adani Group and other mega-deals in the cement industry
back to top
“AI
“Loesche
“Airscape
We Move Industries - Heko Group - Conveyor Solutions
Original Services - We Move the World - Flender
System Solutions for the Construction Materials Industry - Schmersal - The DNA of Safety
“Register
Acquisition Cemex China CO2 concrete coronavirus Export France Germany Government grinding plant HeidelbergCement Holcim Import India Lafarge LafargeHolcim Mexico Nigeria Pakistan Plant Product Production Results Russia Sales Sustainability UK Upgrade US
« May 2022 »
Mon Tue Wed Thu Fri Sat Sun
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31          



Sign up for FREE to Global Cement Weekly
Global Cement LinkedIn
Global Cement Facebook
Global Cement Twitter
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Services
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Register
  • Trial subscription
  • Contact
  • Conferences & Webinars >>
  • Global Ash
  • Global CemBoards
  • Global CemCCUS
  • Global CemEnergy
  • Global CemFuels
  • Global CemPower
  • Global CemProcess
  • Global CemProducer
  • Global Cement Quality Control
  • Global CemTrans
  • Global Concrete
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Global Synthetic Gypsum
  • Global Well Cem
  • African Cement
  • Asian Cement
  • American Cement
  • European Cement
  • Middle Eastern Cement
  • Magazine >>
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Link
  • Awards
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Websites >>
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Concrete
  • Global Insulation
  • Pro Global Media
  • PRoIDS Online
  • Social >>
  • LinkedIn
  • Facebook
  • Twitter

© 2022 Pro Global Media Ltd. All rights reserved.