Sources: Hanson Building Products, Irving, Texas; CP staff
In the first major transaction since its early-2015 dispatch from HeidelbergCement AG, Hanson Building Products has closed on Maple Grove, Minn.-based Cretex Concrete Products, with 17 pipe and precast plants across 11 states and a payroll of 850. They join a portfolio of 100-plus concrete and clay product sites in the U.S., Canada and United Kingdom.
“We believe this is a great development as it combines two highly complementary businesses with similar cultures and values,” says Hanson Building Products Senior Vice President, Pipe & Precast Business Scott Szwejbka. “[Cretex’s] strong presence in the Upper Midwest market of the U.S. expands our geographical footprint.”
Private equity firm, HeidelbergCement close Hanson Building Products deal