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0 0 0.0014265335235379 -0.0256633380884449 -0.0128388017118402 -0.00285306704707555 0.0142653352353781 0.0199714693295293
Stock impact report

Forterra Announces Strategic Exchange of Assets

Forterra, Inc. (FRTA) 
Last forterra, inc. earnings: 4/29 06:28 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.forterrabp.com
Company Research Source: GlobeNewswire
IRVING, Texas, Feb. 01, 2018 (GLOBE NEWSWIRE) -- Forterra, Inc. (“Forterra” or the "Company”) (NASDAQ:FRTA), a leading manufacturer of water and drainage infrastructure pipe and products in the United States and Eastern Canada, today announced that it has completed a transaction to exchange certain of its drainage assets in Alabama, Georgia and Tennessee for assets owned by Foley Products Company in Mississippi and Texas plus $10 million in cash. While not expected to be material to Forterra’s financial results, the transaction reflects the Company’s continued focus on portfolio management to deliver long-term value by enhancing its position in well-structured markets.  The transaction is subject to customary working capital adjustments. About ForterraForterra is a leading manufacturer of water and drainage pipe and products in the U.S. and Eastern Canada for a variety of water-related infrastructure applications, including water transmission, distribution, drainage and stormwater Show less Read more
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