Add-on Acquisition • Building Materials

Forterra Acquires Cretex Concrete Products

On October 1, 2015, Forterra acquired building materials company Cretex Concrete Products

Acquisition Context
  • This is Forterra’s 1st transaction in the Building Materials sector.
  • This is Forterra’s 1st transaction in the United States.
  • This is Forterra’s 1st transaction in Minnesota.

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M&A Deal Summary

Date October 1, 2015
Target Cretex Concrete Products
Sector Building Materials
Buyer(s) Forterra
Deal Type Add-on Acquisition

Target Company

Cretex Concrete Products

Maple Grove, Minnesota, United States
Cretex Concrete Products, Inc. is a manufacturer of reinforced concrete pipe, box culverts, precast drainage structures and bridge components in the Upper Midwest with a network of 17 manufacturing facilities and 850 employees across 11 states.
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Buyer Overview 1

Buyer

Forterra

Irving, Texas, United States

Category Company
Founded 1899
Sector Building Materials
Employees4,578
Revenue 1.6B USD (2020)
DESCRIPTION

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.


Deal Context for Buyer #
Overall 1 of 9
Sector: Building Materials 1 of 7
Type: Add-on Acquisition 1 of 8
State: Minnesota 1 of 2
Country: United States 1 of 8
Year: 2015 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-01 Sherman-Dixie Concrete Industries

Nashville, Tennessee, United States

Sherman-Dixie Concrete Industries, Inc. is a producer of precast concrete structures operating eight facilities in Tennessee, Kentucky, Alabama and Indiana.

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