Forterra plc

Forterra is a manufacturer of building products for the UK’s construction industry. It is listed on the London Stock Exchange.

Forterra Plc
TypePublic
LSEFORT
IndustryConstruction Materials
HeadquartersNorthampton, Northamptonshire, United Kingdom
Key people
Paul Lester, (Chairman)
Stephen Harrison, (CEO)
Revenue£380.0 million (2019)[1]
£60.7 million (2019)[1]
£46.8 million (2019)[1]
Websitewww.forterra.co.uk (Consumer)
forterraplc.co.uk (Corporate)

HistoryEdit

The business was formed as the building products division of Hanson plc, which itself was founded by James Hanson, later Lord Hanson, and Gordon White, later Baron White of Hull in 1964.[2]

Acquisitions included The Butterley Company Ltd in 1968,[3] London Brick PLC in 1984,[3] Red Bank Manufacturing Company[4] and Marshalls Flooring in 2002,[5] Marshalls Clay Products Ltd and Thermalite Ltd in 2005,[6] and Formpave Holdings Ltd in 2006.[7]

In September 2007, Hanson was acquired by the HeidelbergCement and in March 2015, HeidelbergCement sold the Company and Hanson’s North American building products business to Lone Star Funds.[8]

In October 2015, the Company re-branded under the name Forterra plc.[9]

The Company gained admission to the London Stock Exchange as an independent listed company in April 2016.[10]

OperationsEdit

Forterra's brands include Cradley, Ecostock, Formpave, Jetfloor, London Brick and Thermalite blocks. In 2018, produced over 25% of the supply of bricks in Britain.[11]

ReferencesEdit

  1. ^ a b c "Annual Results 2019" (PDF). Forterra. Retrieved 10 March 2020.
  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". 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. 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 (72581). p. 55. ISSN 0140-0460.

External linksEdit