As part of its plan to divest a significant portion of its building products business in North America and the United Kingdom, HeidelbergCement announced that its subsidiary, Hanson Building Products Limited has filed a registration statement with the U.S. Securities and Exchange Commission for a potential initial public offering (IPO) of its ordinary shares.
Hanson Building Products was formed by HeidelbergCement to own and operate a diversified portfolio of concrete and clay building product manufacturing assets and sales channels in the United States, Eastern Canada and the United Kingdom. The number of shares to be offered and the price range for the potential offering have not yet been determined.
HeidelbergCement is a global leader in aggregates and a prominent player in the fields of cement, concrete, and other downstream activities, making it one of the world’s largest manufacturers of building materials. The company employs 51,000 people at 2,500 locations in more than 40 countries.