The 2020 Mid-Year Economic Update_long

HeidelbergCement to Buy Hanson for $15.8B

HeidelbergCement AG, Heidelberg, Germany, has agreed to buy Hanson plc for about & pound; 8 billion (US$15.8 billion). The transaction forms the second largest building materials group worldwide.
&nbsp ;
HeidelbergCement is one of the top producers of building materials worldwide, with its core products being cement, ready-mixed concrete and concrete products, aggregates, building materials and other products. It had sales in 2006 of & euro; 9 billion (US$12.2 billion).
&nbsp ;
Hanson supplies heavy building materials to the construction industry, with sales of & pound; 4.1 billion (US$7.9 billion) in 2006. Its products fall into two categories: aggregates, which includes crushed rock, sand and gravel, ready-mixed concrete, asphalt and cement-related products; and building ...

HeidelbergCement AG, Heidelberg, Germany, has agreed to buy Hanson plc for about & pound; 8 billion (US$15.8 billion). The transaction forms the second largest building materials group worldwide.
&nbsp ;
HeidelbergCement is one of the top producers of building materials worldwide, with its core products being cement, ready-mixed concrete and concrete products, aggregates, building materials and other products. It had sales in 2006 of & euro; 9 billion (US$12.2 billion).
&nbsp ;
Hanson supplies heavy building materials to the construction industry, with sales of & pound; 4.1 billion (US$7.9 billion) in 2006. Its products fall into two categories: aggregates, which includes crushed rock, sand and gravel, ready-mixed concrete, asphalt and cement-related products; and building products, including concrete pipes, pre-cast products, concrete pavers, tiles and clay bricks.
&nbsp ;
The acquisition will be made by Lehigh, a wholly-owned direct subsidiary of HeidelbergCement.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.