Acquisition of Staffs Concrete Limited

RNS Number : 5207J

Breedon Group PLC

03 April 2018

 

   NEWS RELEASE                                                    

3 April 2018                                                                                        

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

Acquisition of Staffs Concrete Limited

Breedon Southern Limited, a subsidiary of Breedon, the UK's largest independent construction materials group, has acquired Staffs Concrete Limited ("Staffs Concrete"), a 'mini mix' concrete operator based in Stoke-on-Trent.

The company operates a fleet of eight mixer trucks and two concrete pumps, specialising in delivering small loads of ready-mixed concrete and screeds, up to six cubic metres, to commercial and domestic customers in Staffordshire.

Staffs Concrete complements Breedon's existing mini mix businesses, 1stMix and Pro Mini Mix, which operate throughout the West and East Midlands and East Anglia.   It will draw material from Breedon's local ready-mixed concrete plants and extend the Group's reach to the north of Birmingham.

Commenting on the acquisition Mike Pearce, Chief Executive of Breedon Southern, said: "Staffs Concrete is exactly the kind of bolt-on acquisition we're looking for.  It has a great reputation, with a really committed team and a loyal customer base.  It further strengthens our overall position in a key market for us and will enable us to provide our existing customers with an exciting new product and service offer."

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For further information:

Breedon Group plc                                                              Cenkos Securities plc

Pat Ward, Group Chief Executive                                          Max Hartley (Nomad)

Rob Wood, Group Finance Director                                       020 7397 8900

01332 694444

                                                                                                Numis Securities (joint broker)

Stephen Jacobs, Head of Communications                           Ben Stoop/Heraclis Economides

07831 764592                                                                         020 7260 1000

Note to editors

Breedon Group plc is the UK's largest independent construction materials group.  Breedon operates the country's largest cement plant, two cementitious import terminals, around 60 quarries, 26 asphalt plants, around 200 ready-mixed concrete plants and three concrete products plants nationwide. 

The Group employs more than 2,200 people and has around 750 million tonnes of mineral reserves and resources.  Its strategy is to continue growing organically and through the acquisition of businesses in the UK heavyside construction materials market.

Breedon's mini mix business was launched in 2012 and has grown to the point where it now operates a 50-strong fleet of vehicles from around 20 ready-mixed concrete plants extending across the central belt of England from Tewkesbury to King's Lynn.

 

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