Forterra enters agreement to sell off additional assets to obtain DOJ approval for Quikrete deal
( December 16, 2021, 21:59 GMT | Official Statement) -- MLex Summary: Forterra said in a securities filing that it has entered into a purchase agreement with Georgia-based concrete contractor Foley Products to address some of the divestitures anticipated to be required by the US Department of Justice to obtain agency approval of Forterra's pending merger with Quikrete. Under the terms of the agreement, Forterra and one of its affiliates will sell to Foley certain assets and liabilities associated with a number of reinforced concrete pipe and precast plants, including a plant located in St. Martinville, Louisiana, for $95 million.Excerpt:...
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