Hanson to sell brick supplier business

Tue, 11 Aug 2009

German cement mixer HeidelbergCement plans to dispose of non-core parts of Hanson, the UK building materials supplier business, in an effort to rein in its debt of Euro 11.3bn.

The divisions for sale are major operators in Britain's brick and cinderblock market, but have been badly affected by the economic downturn.

The divisions for sale include masonry provider Bath and Portland Stone, cladding producer Structherm, block-paving operation Formpave, and a pre-cast concrete flooring business. The company aims to complete the sales by the end of the calendar year.

Heidelberg bought Hanson for £8bn in 2007. It put the entire Hanson UK operation on the market in May this year with an asking price of over £1bn.

The holding firm for the divisions up for sale, Hanson Building Products, reported a £50m loss in 2008.

It has been reported that potential buyers have come forward with bid offers for some of the units, though the sales are currently at an early stage.

The parent company is to retain Hanson's quarrying, cement and concrete subsidiaries.

Subscribe today to read and search all our news, premium articles, business sale listings and buy/sell resources.

Latest Businesses for Sale

Printers/ Stationers - Andover, Hants

Asking Price: 
Turnover:  £640,000

Digital printing specialists, commercial and retail stationers, lithographic printing and various ancilliary services. Freehold retail shop and long leased factory unit. Sale price includes all equipment and properties. NP £80k...

Hotel Accommodation - Folkestone

Asking Price: 
Turnover:  £500,000
Location: South East

Three Victorian houses joined together to form a luxury 8,500 sq. ft. facility. Includes reception, two lounges, four dining rooms, 16 en-suite bedrooms, music room, two kitchens, conservatory, bar, sauna, hot tub and more...

Suppliers of Souvenirs - Derbyshire

Asking Price: 
Turnover:  £1,200,000
Location: East Midlands

With over £60k worth of trading, the company has a very reputable name within the tourist and leisure market. Excellent potential...

View More Businesses for Sale >>