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Hanson PLC announced in the 1990s that it would break up its conglomerate structure and spin off its businesses into independent companies. This came after Hanson struggled with the effects of recession in the early 1990s and sought to focus on its core businesses and reduce debt. As part of the breakup, Hanson spun off its smaller U.S. companies into a new company called U.S. Industries and also acquired several businesses such as Quantum Chemical to expand in chemicals. By the late 1990s, Hanson had stunn

Author

Richard Aguilar

Language

EN