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| Acquisition Expands Company’s Production in Canadian and U.S. Markets |
| August 15, 2007 Hanson Paver Products Inc., a division of Hanson Building Products North America, today announced the purchase of the stock of NAVASTONE, a leading supplier of concrete Pavers and Retaining Wall products in Canada and the United States. Following the recent Perma Paving Stone acquisition, Hanson continues to expand its North American operations. The acquisition includes manufacturing and distribution facilities in Cambridge, Ontario, just south of Toronto and Cement City, Michigan, and distribution centers in Morris, Illinois and York, Pennsylvania. “By joining with NAVASTONE, Hanson gains immediate access into the Midwest and Northeast markets and extends its reach into the Greater Toronto Area market,” said Rick Chatellier, president of Hanson Paver Products Inc. “This move also enables Hanson to expand its product offering and service to the greater Chicago area’s Paver market.” Added Richard Manning, Hanson Building Products North America’s President and CEO, “The NAVASTONE acquisition along with Hanson’s Pipe, Precast and Brick operations will enable us to supply a full range of building products to the construction industry in Canada.” NAVASTONE’s company history dates back to 1969 when it was first founded as B&B Concrete and produced only concrete paving slabs. The name NAVASTONE came about in 2002 to represent the company’s new focus on “value-added” and high margin products. The facilities, will double Hanson’s production capacity of Pavers and Retaining Wall products in Canada, and add a new product line not currently offered by Hanson in the Greater Toronto Area. NAVASTONE will become part of Hanson Paver Products, Inc., which has five locations in Florida and four in the Greater Toronto Area. About Hanson Paver Products, Inc. About Hanson Building Products North America Hanson Building Products North America has grown and prospered into an organization of more than 7,400 employees and 140 facilities 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 service for press releases and notification of the publication of corporate reports via www.hanson.biz. |