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| Acquisition Expands Company’s Presence in the Southern California Market |
| March 14, 2007 Hanson Pipe & Precast, a division of Hanson Building Products North America, today announced the purchase of Johnson Bateman Company, an Ontario, Calif. - based manufacturer of concrete pipe. Acquisition of the Johnson Bateman Company represents a significant push into the southern California market and expansion in the western United States for Hanson. “Johnson Bateman is a premier company with a great reputation and the acquisition gives Hanson entry into the southern California market,” said Sue Tanenbaum, Hanson’s Western region president. “Southern California’s growth for the past five years has been approximately 35 percent higher than the U.S. as a whole and this acquisition is a fantastic opportunity to service that growth.” “The acquisition of Johnson Bateman also produces synergies with our current operations in California, which includes our facilities in Sacramento and Bakersfield,” said Tanenbaum. “This is a geographically complementary operation that will benefit our customers throughout the state of California.” More than 60 Johnson Bateman employees will become Hanson employees and will also have opportunities for further training and advancement. “Hanson shares the same values and vision as Johnson Bateman and we are pleased to be chosen to be a part of such an industry leader. We know that Hanson will position Johnson Bateman to take advantage of California’s record growth,” said Lawrence Johnson, Johnson Bateman president. Johnson Bateman Company has been operating in California for nearly 50 years and has been privately owned and operated since the company’s founding. In addition to producing concrete pipe, Johnson Bateman also manufactures its own pipe fittings that are used in projects throughout southern California. The Johnson Bateman facility will be part of Hanson Pipe & Precast’s Western region based in Portland, Ore. The region services Arizona, California, Oregon, Utah and Washington out of 11 facilities that produce several products, including those used for community and roadway development such as reinforced concrete pipe, drainage structures, bridge systems and precast vaults. About Hanson Building Products North America Hanson Building Products North America has grown and prospered into an organization of more than 7,800 employees and 150 plants with products available throughout the U.S. and Canada. To learn more about Hanson’s quality products, services and building technology, please visit www.hanson.biz. About Hanson PLC Register for Hanson’s e-mail distribution for press releases and notification of the publication of corporate reports via www.hanson.biz. |