Forterra plc explained

Forterra plc
Former Name:Hanson Building Products
Type:Public
Founder:Hanson
Location:Northampton, England
Key People:Justin Atkinson, (Chairman)
Neil Ash, (CEO)
Industry:Construction Materials
Revenue: £346.4 million (2023)[1]
Operating Income: £24.1 million (2023)
Net Income: £12.8 million (2023)

Forterra (formerly Hanson Building Products) is a manufacturer of building products for the United Kingdom's construction industry. It is listed on the London Stock Exchange.

It was originally founded as a division of Hanson Plc.

History

Forterra was formed as Hanson Building Products as the building products division of Hanson Plc.[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 Americanbuilding products business to Lone Star Funds.[8]

In October 2015, Hanson Building Products was rebranded as Forterra plc.[9] It was first listed on the London Stock Exchange in April 2016.[10]

Operations

Forterra's brands include Cradley, Ecostock, Formpave, Jetfloor, London Brick and Thermalite blocks. During 2018, the firm produced more than 25 percent of all the bricks made in Britain that year.[11]

External links

Notes and References

  1. Web site: Annual Results 2023. Forterra. 26 March 2024.
  2. Web site: UK: The enhancement of Hanson . . 1 August 1991 . 6 March 2020.
  3. Web site: Legacy of the lord with the Midas touch. 3 November 2004. . 6 March 2020.
  4. Web site: Hanson buys Red Bank to grow mud bricks arm . . 24 October 2002 . 6 March 2020.
  5. Web site: Hanson buy . 5 December 2002 . Construction News . 6 March 2020.
  6. Web site: Hanson buys Thermalite for £120m . 7 March 2005 . . 6 March 2020.
  7. Web site: Hanson beats market but gets ready for £50 million increase in fuel bill . 2 August 2006 . . 6 March 2020.
  8. Web site: Lone Star Buys HeidelbergCement Bricks Unit for $1.4 Billion . 24 December 2014 . . 15 November 2016.
  9. Web site: Hanson Building Products change name to Forterra . Agg.net . 7 October 2015 . 6 March 2020.
  10. Web site: Ex-Hanson unit Forterra flags IPO . 29 March 2016 . . 15 November 2016.
  11. News: Lea . Robert . Brickmaker whose house rule is never to turn down a promotion . The Times . 72581 . 7 July 2018 . 55 . 0140-0460.