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.