Forterra plc
Forterra is a manufacturer of building products for the United Kingdom’s construction industry. Founded by Hanson as Hanson Building Products, it is listed on the London Stock Exchange.
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Formerly | Hanson Building Products |
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Type | Public |
LSE: FORT | |
Industry | Construction Materials |
Founder | Hanson |
Headquarters | Northampton, England |
Key people | Justin Atkinson, (Chairman) Neil Ash, (CEO) |
Revenue | £455.5 million (2022)[1] |
£75.0 million (2022)[1] | |
£58.8 million (2022)[1] | |
Website | www |
History
Forterra was formed as Hanson Building Products as the building products division of Hanson.[2]
Acquisitions included The Butterley Company in 1968,[3] London Brick in 1984,[3] Red Bank Manufacturing Company[4] and Marshalls Flooring in 2002,[5] Marshalls Clay Products and Thermalite in 2005,[6] and Formpave Holdings in 2006.[7]
In September 2007, Hanson was acquired by HeidelbergCement, who in March 2015 sold the company and Hanson’s North American building products business to Lone Star Funds.[8]
In October 2015, Hanson Building Products was rebranded as Forterra plc.[9] It was listed on the London Stock Exchange in April 2016.[10]
Operations
Forterra's brands include Cradley, Ecostock, Formpave, Jetfloor, London Brick and Thermalite blocks. In 2018, produced over 25% of the supply of bricks in Britain.[11]
References
- "Annual Results 2022". Forterra. Retrieved 11 October 2023.
- "UK: The enhancement of Hanson". Management Today. 1 August 1991. Retrieved 6 March 2020.
- "Legacy of the lord with the Midas touch". The Guardian. 3 November 2004. Retrieved 6 March 2020.
- "Hanson buys Red Bank to grow mud bricks arm". Construction News. 24 October 2002. Retrieved 6 March 2020.
- "Hanson buy". Construction News. 5 December 2002. Retrieved 6 March 2020.
- "Hanson buys Thermalite for £120m". The Times. 7 March 2005. Retrieved 6 March 2020.
- "Hanson beats market but gets ready for £50 million increase in fuel bill". Citywire. 2 August 2006. Retrieved 6 March 2020.
- "Lone Star Buys HeidelbergCement Bricks Unit for $1.4 Billion". Bloomberg News. 24 December 2014. Retrieved 15 November 2016.
- "Hanson Building Products change name to Forterra". Agg.net. 7 October 2015. Retrieved 6 March 2020.
- "Ex-Hanson unit Forterra flags IPO". Interactive Investor. 29 March 2016. Retrieved 15 November 2016.
- Lea, Robert (7 July 2018). "Brickmaker whose house rule is never to turn down a promotion". The Times. No. 72581. p. 55. ISSN 0140-0460.