Lone Star picks up Hanson

The total deal, which also includes HeidelbergCement's US building products business, is worth $1.4bn.

Company
Hanson manufactures bricks, concrete pressure and gravity pipes in the UK and the US. The business employs 4,621 people and operates 107 manufacturing and distribution facilities across the UK, the US and Canada. In 2013, it generated revenues of $1.1bn and EBITDA of $90m.

People
Bernd Scheifele is CEO of HeidelbergCement.

Advisers
Equity – Citi (M&A); Credit Suisse (M&A); Barclays (M&A); Gibson, Dunn & Crutcher (Legal).
Vendor - Deutsche Bank (M&A); BNP Paribas (M&A); Bank of America Merrill Lynch (M&A); Shearman & Sterling (Legal).

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• Topics
• UK / Ireland
• Buyouts
• United Kingdom