Concrete Products

MAR 2016

Concrete Products covers the issues that attract producers of ready mixed and manufactured concrete focusing on equipment and material technology, market development and management topics.

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Page 18 of 75 March 2016 • 17 Forterra Building Products in Irving, Texas, has acquired one of the largest independents remaining in pipe and precast: Sherman-Dixie Concrete Indus- tries, operating eight plants in Tennessee, Kentucky, Alabama and Indiana. It is the second major deal Forterra Building Products has closed since its ear- ly-2015 spinoff from Heidelberg Cement—following by four months the acquisition of Minnesota-based Cretex Concrete Products, with 17 pipe, precast and precast/prestressed plants in the upper Midwest. Formerly Hanson Building Products, Forterra will leverage Sherman-Dixie's strong presence in the southeastern United States to significantly expand capacity and capabilities in an attractive and growing region. "Sherman-Dixie is a positive and complementary addition to [our] team," says Forterra CEO Jeff Bradley. "As the leading manu- facturer of concrete pipe and precast products in the U.S., we are confident Sherman-Dixie's mar- ket leadership, strong customer relationships and high-quality suite of precast concrete solutions will extend our track record of market excellence." "Throughout [our] history, we have prided ourselves on our forward-thinking and ability to successfully navigate changing market dynamics," adds Sherman-Dixie CEO Pete DeLay. "As needs for quality infrastructure expand, joining forces with Forterra represents a significant growth opportu- nity for us. Our companies share deep respect for each other based on our common values of safety, quality and service, as well as a strong commitment to our employees." The Tennessee, Alabama, Kentucky and Indiana operations will be part of the Forterra Pipe and Pre- cast business and soon adopt the Forterra brand, which was established in late 2015 to replace Han- son Building Products banner. The Sherman-Dixie plants and staff join 118 facilities and 5,400-plus colleagues under Forterra operations in the United States, Canada and the United Kingdom. NEWS SCOPE PIPE & PRECAST Sherman-Dixie deal shores up Forterra Building Products' Southeast footprint Sherman-Dixie affords Forterra Building Products additional capacity and presence in growing Southeast region pockets. SHERMAN-DIXIE FILE PHOTO

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