Lehigh UK Limited's $16 Billion Acquisition of Hanson Wins FTC Clearance
August 23, 2007
Acting as U.S. antitrust counsel for Hanson PLC, Cleary Gottlieb recently secured Federal Trade Commission clearance for Lehigh UK Limited’s acquisition of Hanson, a transaction valued at approximately $16 billion.
Hanson and HeidelbergCement AG, the parent of Lehigh, are major suppliers of building materials in the U.S. and worldwide, with combined 2006 revenues in excess of $20 billion. On a worldwide basis, together they will become the largest producer of aggregates, the second largest producer of ready-mixed concrete, and the fourth largest producer of cement.