Product category:
Bricks, Blocks and Lintels
News Release from: Hanson
Edited by the Buildingtalk Editorial
Team on 17 July 2006
Hanson buys Formpave
Hanson Building Products announced the acquisition of Formpave Holdings Limited for an undisclosed sum.
Hanson Building Products (HBP), the UK building products division of Hanson PLC, announced the acquisition of Formpave Holdings Limited (Formpave) for an undisclosed sum Formpave is a high quality manufacturer of concrete block paving with a market leading position in the fast growing Sustainable Urban Drainage Systems (S.U.D.S.) market
This article was originally published on Buildingtalk on 6 Oct 2006 at 8.00am (UK)
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Commenting on the acquisition, David Szymanski, managing director at Hanson Building Products said, "We are delighted to have acquired Formpave".
"It is a great match with our existing business".
"Formpave operates in a fast growing market and continues our strategy of broadening our product range to meet the evolving needs of our customer base".
Following the acquisition Hanson intends to continue to run Formpave as a stand alone business within its HBP division.
Formpave's founder and current MD, Peter Hart, will work closely with Hanson to effect an orderly transition to Hanson over the forthcoming months.
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