Forterra plc

Forterra plc
FormerlyHanson Building Products
Company typePublic
LSE: FORT
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

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

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

  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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