Topic summary
Hanson plc
Extracted from the Wikipedia article Heidelberg Materials UK.
By the start of the 1990s, Hanson Plc had become a sizable conglomerate and one of the largest firms based in Britain. However, amid negative perceptions of the conglomerate model, the company was reorganised into four separate listed firms during the mid 1990s, these being: Hanson plc, Imperial Tobacco, The Energy Group and Millennium Chemicals. In 2007, HeidelbergCement purchased Hanson Plc in exchange for £8 billion to create the second largest cement and building materials company in the world. In October 2023, the company announced that it was rebranding as Heidelberg Materials.