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Forterra plc

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Forterra plc
FormerlyHanson Building Products
Company typePublic
LSEFORT
IndustryConstruction Materials
FounderHanson
HeadquartersNorthampton, England
Key people
Justin Atkinson, (Chairman)
Neil Ash, (CEO)
RevenueDecrease £346.4 million (2023)[1]
Decrease £24.1 million (2023)[1]
Decrease £12.8 million (2023)[1]
Websitewww.forterra.co.uk

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

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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 American building 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

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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]

References

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  1. ^ a b c "Annual Results 2023" (PDF). Forterra. Retrieved 26 March 2024.
  2. ^ "UK: The enhancement of Hanson". Management Today. 1 August 1991. Retrieved 6 March 2020.
  3. ^ a b "Legacy of the lord with the Midas touch". The Guardian. 3 November 2004. Retrieved 6 March 2020.
  4. ^ "Hanson buys Red Bank to grow mud bricks arm". Construction News. 24 October 2002. Retrieved 6 March 2020.
  5. ^ "Hanson buy". Construction News. 5 December 2002. Retrieved 6 March 2020.
  6. ^ "Hanson buys Thermalite for £120m". The Times. 7 March 2005. Retrieved 6 March 2020.
  7. ^ "Hanson beats market but gets ready for £50 million increase in fuel bill". Citywire. 2 August 2006. Retrieved 6 March 2020.
  8. ^ "Lone Star Buys HeidelbergCement Bricks Unit for $1.4 Billion". Bloomberg News. 24 December 2014. Retrieved 15 November 2016.
  9. ^ "Hanson Building Products change name to Forterra". Agg.net. 7 October 2015. Retrieved 6 March 2020.
  10. ^ "Ex-Hanson unit Forterra flags IPO". Interactive Investor. 29 March 2016. Retrieved 15 November 2016.
  11. ^ 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.
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