Private equity deal preempts Hanson Building Products initial public offering

Sources: Heidelberg Cement AG, Germany; CP staff

Germany’s HeidelbergCement projects a first quarter 2015 closing on the $1.4 billion sale of Hanson Building Products operations in the U.S., Eastern Canada and United Kingdom to an affiliate of Lone Star Funds, a real estate investment-centered private equity firm with Dallas, New York and Frankfurt offices. A definitive agreement on the transaction, announced just before Christmas, supersedes a Hanson Building Products Ltd. public offering HeidelbergCement had outlined three months prior in a U.S. Securities & Exchange Commission filing.

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