MANUFACTURERS – FEBRUARY 2016

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HeidelbergCement AG has implemented a global program to continuously optimize operational and commercial processes at 500-plus sand & gravel and crushed stone sites. Aggregates-CI succeeds CLIMB Commercial, a margin-improvement effort that comfortably met a $130 million-plus target for 2013-2015. Management projects Aggregates-CI to attain comparable watermark by 2018.

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Morrish tapped to head Lehigh Hanson, join realigned HeidelbergCement board

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Jon Morrish has transitioned to Lehigh Hanson Inc. president and chief executive officer from his post as South Region president. He succeeds the retiring Daniel Harrington, who during five years at the helm is credited with managing the business through one of the worst economic downturns in recent history, capitalizing on market recovery, and positioning the company for future growth.

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Forterra branding decouples Hanson Building Products, HeidelbergCement

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Sources: CP staff; Forterra Building Products Ltd., Irving, Texas

Officials characterize Hanson Building Products’ new name, derived from “giving form” (For-) and “the earth” (terra), as capturing the company’s essence and purpose. The Forterra brand spans the 130-plus facilities under the producer’s five U.S. and Canadian divisions—Brick, Pipe & Precast, Pressure Pipe, Roof Tile and Structural Precast—plus the masonry- and precast-driven United Kingdom Building Products division.

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Heidelberg, Italcementi deal will test Lehigh Hanson, Essroc synergy

Sources: HeidelbergCement AG, Heidelberg, Germany; Italcementi S.p.A., Bergamo, Italy; CP staff

Less than three weeks after the Lafarge Group and Holcim Ltd. merger triggered realignment of cement, concrete and aggregate production in key U.S. and Canadian markets, two European peers outlined an agreement perpetuating the cycle—bringing under one umbrella integrated operators entrenched in multiple states and provinces.

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Private equity firm, HeidelbergCement close Hanson Building Products deal

Sources: HeidelbergCement AG, Germany; CP staff

Debt reduction-driven HeidelbergCement has completed the sale of Irving, Texas-based Hanson Building Products Ltd. to an affiliate of Lone Star Funds, a private equity firm with Dallas, New York and Frankfurt offices. The transaction is valued at about $1.3 billion, plus a sum up to $100 million payable next year depending on the concrete, clay and steel product business’ 2015 financial performance.

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