Acquisition of Blinkbonny Quarry

RNS Number : 9319P

Breedon Group PLC

01 June 2018

 

   NEWS RELEASE

    1 June 2018                                                                                                                                               

BREEDON GROUP PLC ("Breedon" or "the Group")

Acquisition of Blinkbonny Quarry

Breedon Northern Limited, a subsidiary of Breedon Group plc, a leading construction materials group in the UK and Ireland, announces that it has completed the acquisition of Blinkbonny Quarry (Borders) Limited for an undisclosed sum.

Blinkbonny operates a quarry and ready-mixed concrete plant near Kelso in the Scottish Borders, employing 14 people.  The acquisition provides Breedon with its first quarry in the region, with approximately 2.8 million tonnes of high-quality basalt hard rock reserves and resources and a fleet of ready-mixed concrete mixers and tippers together with a volumetric concrete mixer.

Commenting on the acquisition Alan Mackenzie, Managing Director of Breedon Northern, said: "Blinkbonny gives us a great opportunity to establish a presence in the Scottish Borders, through a business with long-term mineral reserves and resources.  It is well invested, with modern plant and machinery, and has established an excellent reputation for quality and service among its customers in the surrounding area."

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Note to editors

Breedon Group plc is a leading construction materials group in the UK and Ireland. It operates two cement plants and around 70 quarries, 40 asphalt plants, 200 ready-mixed concrete and mortar plants, nine concrete and clay products plants, four contract surfacing businesses, six import/export terminals and two slate production facilities.

The Group employs nearly 3,000 people and has around 870 million tonnes of mineral reserves and resources.  Breedon's strategy is to continue growing organically and through the acquisition of businesses in the heavyside construction materials market.

For further information:

Breedon Group plc

Pat Ward, Group Chief Executive

Rob Wood, Group Finance Director

01332 694444

Stephen Jacobs, Head of Communications

07831 764592

Cenkos Securities plc

Max Hartley (NOMAD & joint broker)

020 7397 8925

Numis Securities (joint broker)

Heraclis Economides/Ben Stoop

020 7260 1000

 

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