Did quikrete buy Forterra?

Quikrete Holdings has acquired all outstanding Forterra Inc. shares and established the concrete pipe, drainage structure, structural precast and ductile iron pipe producer as a wholly owned subsidiary.

Is Forterra being sold?

in a $2.74 billion take-private transaction announced Monday morning. Atlanta-based Quikrete will acquire all outstanding shares of Forterra for $24 a share in an all-cash transaction that the companies expect to close in the fourth quarter of 2021, the companies said Monday.

Who owns Forterra building products?

In September 2007, Hanson was acquired by HeidelbergCement, who in March 2015 sold the Company and Hanson’s North American building products business to Lone Star Funds. In October 2015, the Company re-branded under the name Forterra plc.

Who owns Forterra pipe?

Quikrete
Definitive agreement reached; Forterra shareholders to receive $24.00 per share in cash. Reinforced Concrete Pipe is the most readily available and most cost-efficient of the concrete pipe shapes available.

What happened Forterra stock?

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.

Did quikrete go out of business?

Founded in 1940 by Gene Winchester, QUIKRETE is still owned and operated by the Winchester family. What is D&B’s ESG Ranking? Is this your business? Contact us.

Who is buying Forterra?

(“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.

What happened to Forterra?

Forterra, Inc. IRVING, Texas and ATLANTA, Feb. 22, 2021 (GLOBE NEWSWIRE) — Forterra, Inc.

Should I buy forterra stock?

There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should “buy” Forterra stock.

Is Quikrete as strong as regular concrete?

Quikrete fast setting concrete is just as strong as regular concrete. Concrete gets its strength from a chemical reaction that occurs over time during curing. After it’s had time to cure, which usually take 28 days to complete, Quikrete can reach strengths up to 5000 psi.

Does forterra own US Pipe?

(IRVING, TX) – Forterra Building Products (“Forterra”), a leading North American provider of site infrastructure and water management products and solutions and a multinational manufacturer of concrete and clay building products, today announced that it has acquired U.S. Pipe.

What happened forterra stock?