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, Inc. announced the completion of its acquisition by Quikrete Holdings, Inc. for $24.00 per share in an all-cash deal. Forterra became a wholly owned subsidiary of Quikrete and its stock was delisted from Nasdaq.
Cemex agreed to sell its Rinker Materials concrete pipe and precast business to Quikrete Holdings for about $500 million, plus up to $40 million in additional payments. The deal includes 32 plants in 15 states.
Quikrete Holdings Inc. has entered into a definitive merger agreement to acquire all outstanding shares of Contech Engineered Solutions, a provider of infrastructure site solution products. The transaction is expected to close in mid to late November 2016.