Advertisement

Hanson Industries said it expects proceeds of...

Hanson Industries said it expects proceeds of about $14.5 million in cash from selling several units and properties. The unit of Hanson PLC sold the assets of Allied Paper’s Kalamazoo, Mich., paper plant to Performance Papers Inc. for $5.5 million. The Austin, Tex., aggregates and ready-mix businesses of Kaiser Cement were purchased by Texas Readymix Inc. for $2.3 million. Hanson said it had completed the sale for $6.7 million of certain real estate assets acquired as part of its 1987 acquisition of Kidde Inc.


Advertisement
Advertisement