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General Dynamics recently sold its Chicago-based Material Service Corporation to Hanson PLC, an international building materials company headquartered in London. Jenner & Block represented General Dynamics in the $300 million cash deal.
Material Service Corporation is one of the country’s largest producers of construction aggregates, with 11 stone quarries and several sand and gravel facilities in Illinois and Indiana. The company’s more than 800 employees will be managed within Hanson Aggregates North America, which produces aggregates, asphalt, ready-mixed concrete and cement for markets throughout the USA.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 81,900 people worldwide. The company is a market leader in mission-critical information systems and technologies; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and business aviation.
The Jenner & Block legal team on this matter was led by Partner Thaddeus J. Malik, Co-Chair of the Firm’s Mergers & Acquisitions Practice, and included Partners Donald S. Horvath and S. Tony Ling, and Associates Frank J. Eichenlaub, Jeffery D. Larson and Jill R. Sheiman.