HeidelbergCement announced that its subsidiary, Hanson Building Products Ltd, has filed a registration statement with the US Securities and Exchange Commission for a potential initial public offering (IPO) of its ordinary shares. The move is part of HeidelbergCement’s plan to divest a significant portion of its building products business in North America and the UK.

The number of shares to be offered and the price range for the potential offering have not yet been determined, HeidelbergCement said.

Hanson Building Products operates concrete and clay building product manufacturing assets and sales channels in the US, eastern Canada and the UK.