Leaderboard_Block

Acquisition of Hope Construction Materials by Breedon Aggregates

Acquisitions & Mergers

Acquisition of Hope Construction Materials by Breedon Aggregates

The UK Competition and Markets Authority (CMA) has approved the acquisition by Breedon Aggregates of Hope Construction Materials subject to a sale of selected assets. Breedon has offered to sell 14 ready-mix concrete sites to Tarmac and the Concrete Company, which has been accepted by the CMA.
(ed. WoMaMarcel - 28/7/2016)
<Blank Space>
With the acquisition of Hope, Breedon Group will become the UK’s largest independent construction materials group.

London, United Kingdom – Commenting on the announcement Breedon’s Chairman, Peter Tom CBE, said: “The way is now clear for Hope to join us and create the UK’s largest independent construction materials group. It will give us a stronger platform for growth, with a broader geographical footprint, increased scale, an improved product mix, greater financial capacity and a team of highly talented people."

With the acquisition of Hope, Breedon Group plc (as the company will be named from 1 August) will become the UK’s largest independent construction materials group, with the country’s largest cement plant, around 60 quarries, nearly 30 asphalt plants, approaching 200 ready-mixed concrete plants, some 2100 employees and approx. 750 Mt of mineral reserves and resources. The enlarged group’s strategy will be to continue growing organically and through consolidation of the UK heavyside building materials sector.

 

Most read

Upcoming Events

Facebook