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On the Record · Forterra

Forterra acquisitions, on the record

The businesses Forterra bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Cretex Concrete Products, Inc.
Word for word“On October 1, 2015, we acquired Cretex Concrete Products, Inc., or Cretex, a manufacturer of concrete pipe, box culverts, concrete precast drainage structures, pre-stressed bridge components and ancillary precast products in the Upper Midwestern United States.” 10-K for 2019
acquisitionOctober 1, 2015—
Sherman-Dixie Concrete Industries, Inc.
Word for word“On January 29, 2016, we acquired Sherman-Dixie Concrete Industries, Inc., or Sherman-Dixie, a manufacturer of precast concrete structures operating in Kentucky, Tennessee, Alabama and Indiana.” 10-K for 2019
acquisitionJanuary 29, 2016—
USP Holdings Inc. (U.S. Pipe)
Word for word“On April 15, 2016, we acquired USP Holdings Inc., or U.S. Pipe, a manufacturer of water transmission pipe servicing residential, commercial and infrastructure customers.” 10-K for 2019
acquisitionApril 15, 2016—
Bio Clean Environmental Services, Inc. and Modular Wetland Systems, Inc. (Bio Clean)
Word for word“On August 4, 2016, we acquired Bio Clean Environmental Services, Inc. and Modular Wetland Systems, Inc., or Bio Clean, which designs and sells storm water management systems that meet the requirements of local regulatory bodies regulating storm water quality and owns technologies relating to drainage and storm water management.” 10-K for 2019
acquisitionAugust 4, 2016—
J&G Concrete Operations, LLC (J&G)
Word for word“On October 14, 2016, we acquired J&G Concrete Operations, LLC, or J&G a manufacturer of concrete pipe, box culverts and special fittings in North Texas.” 10-K for 2019
acquisitionOctober 14, 2016—
Precast Concepts, LLC (Precast Concepts)
Word for word“On October 14, 2016, we acquired Precast Concepts, LLC, or Precast Concepts, a manufacturer of concrete pipe, box culverts, storm detention systems and other precast concrete and related products in Colorado.” 10-K for 2019
acquisitionOctober 14, 2016—
Royal Enterprises America, Inc. (Royal)
Word for word“On February 3, 2017, we acquired the assets of Royal Enterprises America, Inc., or Royal, a manufacturer of concrete drainage pipe, precast concrete products, storm water treatment technologies and erosion control products serving the greater Minneapolis market.” 10-K for 2019
acquisitionFebruary 3, 2017—
U.S. concrete and steel pressure pipe business
Word for word“Other expense of $31.9 million for the year ended December 31, 2017 was primarily due to the $32.3 million loss generated by the U.S. Pressure Pipe Divestiture during July 2017.” 10-K for 2019
divestitureJuly 2017—
Foley Products Company (several pipe and precast plants in the southeast region)
Word for word“On January 31, 2018, we completed the sale to Foley Products Company of several of our pipe & precast plants in the southeast region, including Tennessee, Alabama and Georgia, which were part of the Drainage Pipe & Products segment, in exchange for $9.1 million in cash, a drainage facility located in Prentiss, Mississippi and land in Texas.” 10-K for 2019
divestitureJanuary 31, 2018$9.1 million in cash, a drainage facility located in Prentiss, Mississippi and land in Texas
Buckner assets
Word for word“Net cash used in investing activities was $42.3 million for the year ended December 31, 2019 primarily due to capital expenditures of $42.9 million and the acquisition of Buckner assets of $10.8 million, partially offset by proceeds from the sale of fixed assets of $11.4 million.” 10-K for 2019
acquisition—$10.8 million
the building products business of HeidelbergCement AG
Word for word“On March 13, 2015, through an indirect wholly owned subsidiary, Lone Star Fund IX (U.S.), L.P. (which is referred to, along with its affiliates and associates, but excluding us and other companies that it owns as a result of its investment activity, as Lone Star) acquired the building products business of HeidelbergCement AG, or HC, in the United States and Eastern Canada, or the Acquisition.” 10-K for 2020
acquisitionMarch 13, 2015—
Quikrete Holdings, Inc.
Word for word“On February 19, 2021, we entered into an Agreement and Plan of Merger, or the Merger Agreement, with Quikrete Holdings, Inc., a Delaware corporation, or Parent, and Jordan Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent, or Merger Sub.” 10-K for 2020
mergerFebruary 19, 2021—
50% equity interest in Concrete Pipe & Precast, LLC
Word for word“On November 24, 2021, we entered into an agreement with Eagle Corporation and Parent pursuant to which Eagle will purchase our 50% equity interest in Concrete Pipe & Precast, LLC, or CP&P, a 50/50 joint venture with Eagle, for a purchase price of $105 million, subject to certain adjustments as described in the purchase agreement.” 10-K for 2021
agreed divestitureOn November 24, 2021$105 million
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Cash received from selling businessesGoodwill from acquisitions
2016-12-31$1.01 billion——
2017-12-31$36.7 million—$17.9 million
2018-12-31$4.5 million$618,000$10 million
2019-12-31$0$0—
2020-12-31$0$0—
2021-12-31$7.3 million—$759,000

Deal filings since 2016

Read from Forterra’s annual reports (10-K for 2021, 10-K for 2020, 10-K for 2019) and the financial data it files with the SEC, as of 2022-03-01. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.