Hanson Building Products Ltd. has filed with the U.S. Securities and Exchange Commission (SEC) for its initial public offering (IPO). No terms were given for the offering, but it can potentially raise up to $100 million. The company plans to file on the New York Stock Exchange but has not decided on a ticker symbol.

All the outstanding ordinary shares of Hanson are held by a subsidiary of HeidelberCement, which will be the selling shareholder.

The underwriters for this offering are Bank of America Merrill Lynch, BNP Paribas and Deutsche Bank Securities.

Hanson is a multinational manufacturer of a diversified range of concrete and clay building products in the United States, Eastern Canada and the United Kingdom. Its products are used across a range of end markets, including residential construction, water and transportation infrastructure and non-residential construction applications. In the 12-month period that ended in June, Hanson generated net sales of $1,147.7 million and net loss of $246.4 million. In 2013, No single customer accounted for 10% or more of our net sales.

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The company operates in five business segments:

• North America Gravity Pipe & Precast
• North America Pressure Pip
• North America Bricks
• U.K. Bricks and Blocks
• Other (Precast products and external wall insulation in the United Kingdom, roof tile in the United States)

As of the end of June, the company had an extensive network of 107 manufacturing plants and 11 distribution facilities strategically located throughout the United States, Eastern Canada and the United Kingdom.

The company will not gain any proceeds from this offering. Instead the net proceeds will be going to the selling shareholder.

FULL IPO FILING

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