Quikrete Completes Acquisition of Forterra, Inc.
18 Marzo 2022 - 2:05PM
Forterra, Inc. (“Forterra”) (NASDAQ:FRTA), a leading manufacturer
of water and drainage infrastructure pipe and products in the
United States and Eastern Canada, today announced that Quikrete
Holdings, Inc. (“Quikrete”) completed its acquisition of all
outstanding shares of Forterra for $24.00 per share in an all cash
transaction, with Forterra becoming a wholly owned subsidiary of
Quikrete.
As a result of the transaction’s completion, Forterra’s common
stock will cease trading at the close of market today and will be
delisted from the Nasdaq Stock Market.
Citi served as financial advisor to Forterra, and Gibson, Dunn
& Crutcher LLP served as legal counsel for the transaction,
with Kirkland & Ellis LLP serving as regulatory counsel.
Goldman Sachs & Co. LLC served as exclusive financial advisor
to Quikrete and Troutman Pepper Hamilton Sanders LLP served as
legal counsel for the transaction, with King & Spalding LLP
serving as regulatory counsel.
About Forterra
Forterra is a leading manufacturer of water and drainage pipe
and products in the U.S. and Eastern Canada for a variety of
water-related infrastructure applications, including water
transmission, distribution, drainage and stormwater systems. Based
in Irving, Texas, Forterra’s product breadth and scale help make it
a preferred supplier for water-related pipe and products, serving a
wide variety of customers, including contractors, distributors and
municipalities. For more information on Forterra, visit
http://forterrabp.com.
About Quikrete Holdings, Inc.
Quikrete Holdings, Inc. is a privately owned family business
founded in 1940. It is a leading buildings materials company based
in Atlanta, Georgia. Quikrete’s portfolio ranges from its iconic
Quikrete branded concrete and mortar mixes to precast and steel
pedestrian and vehicular bridges. This includes brands such as
Quikrete, Spec Mix, QPR, Pavestone, Custom Building Products,
Rinker Materials, and Contech Engineered Solutions. The business’
products include packaged cementitious products, pavers, retaining
wall systems, masonry units, tile grouts and thin sets, concrete
pipe and box culverts, corrugated metal pipe, engineered storm
water systems, and structural precast and steel pedestrian and
vehicular bridges. Quikrete services the US and Canadian new
construction and repair and remodeling residential, commercial, and
infrastructure markets.
Contact Information:
Frank OwensChief Marketing OfficerQuikrete Holdings,
Inc.404-634-9100Frank.owens@quikrete.com
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