Forterra Announces Proposed Initial Public Offering

IRVING, Texas, Oct. 7, 2016 /PRNewswire/ -- Forterra, Inc. (the "Company") announced today that it has commenced an initial public offering of 18,420,000 shares of its common stock, all of which are being offered by the Company. The initial public offering price is expected to be between $19.00 to $21.00 per share. The Company and the Company's sole stockholder expect to each grant the underwriters an option to purchase up to an additional 1,381,500 shares of common stock. The Company has applied to list its common stock on the Nasdaq Global Select Market under the symbol "FRTA." 

The Company intends to use its net proceeds from the offering to, among other things, repay certain indebtedness. The Company will not receive any proceeds from the sale of shares by the selling stockholder, in the event the option to purchase additional shares is exercised by the underwriters.

Goldman, Sachs & Co., Citigroup and Credit Suisse are acting as joint book-running managers for the offering and representatives of the underwriters. Barclays, Deutsche Bank Securities and RBC Capital Markets are acting as book-running managers for the offering. Oppenheimer & Co., Stephens Inc. and SunTrust Robinson Humphrey are acting as co-managers. The offering of these securities will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the offering can be obtained from:

A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Forterra

Forterra is a manufacturer of pipe and precast products in the U.S. and Eastern Canada for a variety of water-related infrastructure applications, including water transmission, distribution and drainage. Based in Irving, Texas, Forterra employs more than 5,500 people and operates more than 95 facilities, with products available throughout the U.S. and Eastern Canada.

Forward‐Looking Statements

This press release contains forward-looking statements. Forward-looking statements may be identified by the use of words such as "anticipate", "believe", "expect", "estimate", "plan", "outlook", and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on historical information available at the time the statements are made and are based on management's reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company's control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. Forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law. Investors are referred to the Company's registration statement for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement.

Contact Information:  Lori Browne (469) 284-8678

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SOURCE Forterra, Inc.