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IPO set in concrete: Forterra files for a $100 million IPO

July 8, 2016
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Forterra, a US manufacturer of concrete pipes, iron pipes and bricks, filed on Friday with the SEC to raise up to $100 million in an initial public offering.

The Irving, TX-based company was founded in 1964 and booked $1.8 billion in sales for the 12 months ended March 31, 2016. It has not selected a proposed ticker or an exchange. Goldman Sachs, Citi and Credit Suisse are the joint bookrunners on the deal. No pricing terms were disclosed.