M&A Deal Summary

The QUIKRETE Companies Acquires Forterra

On February 22, 2021, The QUIKRETE Companies acquired building materials company Forterra for 2.7B USD

Acquisition Highlights
  • This is The QUIKRETE Companies’ 2nd transaction in the Building Materials sector.
  • This is The QUIKRETE Companies’ largest (disclosed) transaction.
  • This is The QUIKRETE Companies’ 3rd transaction in the United States.
  • This is The QUIKRETE Companies’ 1st transaction in Texas.

M&A Deal Summary
Date 2021-02-22
Target Forterra
Sector Building Materials
Buyer(s) The QUIKRETE Companies
Deal Type Add-on Acquisition
Deal Value 2.7B USD
Advisor(s) Citigroup Investment Banking (Financial)
Gibson, Dunn & Crutcher
Kirkland & Ellis (Legal)

Target

Forterra

Irving, Texas, United States
website
Forterra is a 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. Forterra was founded in 1899 and is based in Irving, Texas.

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Buyer(S) 1

Buyer

The QUIKRETE Companies

Atlanta, Georgia, United States

website

Category Company
Sector Construction
DESCRIPTION

The QUIKRETE Companies, Inc. manufactures packaged concrete for commercial building and home improvement industries in the United States.

DEAL STATS #
Overall 3 of 3
Sector (Building Materials) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Texas) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-28 CEMEX - Reinforced Concrete Pipe Manufacturing Business

United States

CEMEX - Reinforced Concrete Pipe Manufacturing Business produces and supplies concrete pipe, box, and other pipe products in the United States.

Buy $540M
Mergr

Product

Company

Legal