Quikrete to acquire Forterra for $2.74 billion

Quikrete Holdings will acquire all outstanding shares of Forterra, a water and drainage infrastructure pipe manufacturer, for $24.00 per share in an all-cash transaction valued at approximately $2.74 billion including debt.

“Forterra and Quikrete are an ideal strategic fit, and this combination is a natural next step for our company, enabling us to better serve our customers across the company on their concrete projects from start to finish.”baltimore.citybuzz.co

• 2 sources
• baltimore.citybuzz.cocitybuzz : Citybizlist : Forterra to Be Acquired by QuikreteFeb 22, 2021
• globenewswire.comForterra Enters Into Definitive Agreement to Be Acquired byForterra, Inc.Feb 22, 2021

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