Forterra to shut down two divisions

Grant Prior 10 hours ago
Share

Forterra is  closing down its Formpave block paving and the Bison Bespoke precast businesses.

The materials giant said the move will cost £4m and allow it to focus on core operations.

Formpave manufactures and sells concrete block paving, with 2024 full year revenue of £5.9m. The business broke even last year and is expected to be loss making this year.

The factory now requires a significant level of capital investment to remain operational which has forced the move.

Bison Bespoke precast generated revenue of £9.7m in 2024 but has failed to make money for a number of years.

The closures were confirmed in Forterra’s latest half year results which showed pre-tax profits dipped for £9.9m for the six months to June 30 2025 from £12.8m last time on turnover up to £195.1m from £162.1m.

Brick sales were up 14% driven by recovering housing demand and price increases began to stick.

Neil Ash, Chief Executive Officer, said: “We saw a strong uplift in results in the period, supported by improved demand from the volume housebuilding sector, with despatches significantly ahead of the prior year. This result, coupled with our expectations for the second half, gives us confidence to modestly increase our adjusted EBITDA expectations for the full year.

 “We continue to execute our strategy with good progress being made at Wilnecote, with the kiln now lit; at Accrington, with our initial range of brick slips expected to be launched shortly; and at Desford, with both kilns to operate simultaneously for the first time in H2.

“We are also currently consulting on our strategic proposals to exit our non-core businesses of Formpave and Bison Bespoke, both of which will be margin and cash flow accretive.

 “Looking beyond the current financial year, the Board remains confident that its recent investments in new production capacity leave the Group well placed to benefit from the continuing recovery of our key markets.”

Latest news

Esh boss bullish as profits and prospects rise

North of England contractor looking forward to continued growth
2 hours ago

Civils contractor Galldris sold to staff

£125m turnover firm transitions to Employee Ownership Trust
10 hours ago

Fit-out firepower drives Morgan Sindall to record half-year

£390m cash pile supports push on partnerships and frameworks
9 hours ago

Grid delays now rival planning as chief threat to project delivery

Turner & Townsend flags urgent need to prioritise electricity connections on projects
10 hours ago

Forterra to shut down two divisions

Materials giant exiting Formpave block paving and Bison Bespoke precast businesses
10 hours ago

Vistry and Kier team up again for Wokingham homes plan

Third major partnership kicks off first phase of 1,400-home Berkshire plan
23 hours ago

Wates preps £200m Middlesbrough regen site

Work begins on landmark Crown Square project with hotel, student flats and homes
1 day ago

BAM Nuttall rail boss to join Balfour

Richard Watts to become Managing Director of UK Rail business
4 days ago

Peel Ports unveils £60m expansion plan for Yarmouth

New Southern Terminal to target big infrastructure and offshore energy schemes
1 day ago

£1bn beach defence mega-framework up for grabs

Environment Agency seeks two marine contractors to protect England’s coastlines
1 day ago

Bovis set for £220m tower job near British Museum

John F Hunt to start demolition work for big West End scheme
1 day ago

Carnell poaches another National Highways director

Maintenance contractor becomes latest private firm to lure public sector chief
1 day ago

Plans go in for Warrington logistics site revamp

Outdated units to be replaced at Hawleys Lane
1 day ago

Morgan Sindall site closed after fatal accident

Tragedy at £90m Mill Yard job in Cambridge
4 days ago

DfE signs off £148m school rebuild trio

B+K and Bouygues land major academy projects across England
4 days ago

Contract race starts for £205m A9 dualling job

Latest deal involves building or upgrading nine bridges
4 days ago

Higgins to turn former care home site into council houses

Construction to start early next year on Buckinghamshire scheme
4 days ago

Green light for £1.7bn Edgware town centre revamp

Ballymore to deliver 3,365 new homes
5 days ago

Work to start on £40m Blackpool Multiversity build

Morgan Sindall to start demolition for five-storey education campus
4 days ago

Bridge faults plunge Severfield into £18m loss

Firm cuts staff by 6% and raises option to sell part of stake in Indian arm
5 days ago

BAM UK Construction back in the black after Co-op woes

Nuttall civils arm powers up profits with margin topping 5%
5 days ago

Mace sells consulting business to Goldman Sachs

Sale gives construction bosses "opportunity to refresh and simplify" operation
6 days ago

Vinci gets green light for £35m St Helens transport hub

New interchange set to anchor wider town centre revamp
5 days ago

National Highways major projects chief to join Skanska

Dean Sporn to become Operations Director at infrastructure business
6 days ago

Kori Construction bags care home brace

More wins as later living specialist posts record results
5 days ago

Building engineering services workers agree three-year pay deal

Plumbers and heating and ventilating engineers to get staged 10% increase
5 days ago

Contractors brace for more pain as material prices climb

Copper, aluminium and timber prices move after tariff turmoil
6 days ago

Funding deal ignites £1.9bn Birmingham Smithfield rebuild

Lendlease and Crown Estate JV gears up for early 2026 start
6 days ago

Van Elle profits slump as Canadian arm racks up losses

Pre-tax profit nearly halves to £3m as Canada ops review looms
6 days ago

Dalkia Engineering rebounds from £14m loss to post profit

Order book hits £191m after turnaround year at M&E specialist
6 days ago