M&A Deal Summary

Forterra Acquires Sherman-Dixie Concrete Industries

On February 1, 2016, Forterra acquired building materials company Sherman-Dixie Concrete Industries

Acquisition Highlights
  • This is Forterra’s 2nd transaction in the Building Materials sector.
  • This is Forterra’s 2nd transaction in the United States.
  • This is Forterra’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2016-02-01
Target Sherman-Dixie Concrete Industries
Sector Building Materials
Buyer(s) Forterra
Deal Type Add-on Acquisition

Target

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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Buyer(S) 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 STATS #
Overall 2 of 9
Sector (Building Materials) 2 of 7
Type (Add-on Acquisition) 2 of 8
State (Tennessee) 1 of 1
Country (United States) 2 of 8
Year (2016) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-15 United States Pipe and Foundry

Birmingham, Alabama, United States

United States Pipe and Foundry Co., LLC is a manufacturer of ductile iron pipe products, fittings and joint restraints used in drinking water and wastewater systems. U.S. Pipe operates 20 manufacturing and fabrication facilities throughout the United States and Mexico. U.S. Pipe has a comprehensive product portfolio supported by strong brand recognition among customers through product innovation and a reputation for quality and service.

Buy -
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