HeidelbergCement spin off Hanson Building Products files for a $100 million IPO

Hanson Building Products, a US/UK concrete pipe and building products manufacturer being spun out of HeidelbergCement, filed on Monday with the SEC to raise up to $100 million in an initial public offering.

The Maidenhead, United Kingdom-based company, which was founded in 1964, plans to list on the NYSE but has yet to announce a ticker. BofA Merrill Lynch, BNP Paribas and Deutsche Bank are the joint bookrunners on the deal. No pricing terms were disclosed.