Acquisition

RNS Number : 6493V

Breedon Aggregates Ld

17 January 2012

 



17 January 2012

Breedon Aggregates Limited

("Breedon Aggregates" or the "Company")

Breedon Aggregates acquisition of Nottingham Readymix

Breedon Aggregates, the UK's largest independent aggregates business, is entering the Nottingham ready-mixed concrete market with the acquisition today of Nottingham Readymix (the "Acquisition").  The Acquisition fills an important gap in Breedon Aggregates' coverage of the East Midlands, located midway between its plants at Cloud Hill to the south-west and Grantham to the east.

Nottingham is a key centre of economic activity in the region, with a number of major infrastructure and commercial projects currently underway or in the pipeline, including the £600 million tram project due to start in 2012.  Nottingham Readymix is the leading supplier of ready-mixed concrete in the city, with a fleet of modern delivery vehicles. 

Commenting on the Acquisition Simon Vivian, Breedon Aggregates' group chief executive, said: "This is a great business with deep roots in the Nottinghamshire community and we are proud to welcome it as the newest member of the Breedon Aggregates group.

"Our success at Breedon Aggregates has been built on giving our customers an outstanding service, delivered locally, promptly and to the highest possible quality.  Nottingham Readymix has exactly the same ethos.  From a practical point of view, nothing will change following this acquisition.  The business will continue to trade as Nottingham Readymix and its senior management team will continue to run the business day-to-day, providing the same level of excellent service."

In the longer term, Nottingham Readymix will form Breedon Aggregates' Nottinghamshire hub, from which the Company intends to develop its ready-mixed concrete operations over the next few years.  The team there will work closely with Breedon Aggregates' flagship quarry at Cloud Hill near Breedon-on-the-Hill, which will supply them with crushed rock.

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For further information:

Breedon Aggregates Limited

Simon Vivian, Group Chief Executive

Ian Peters, Group Finance Director

01332 694010

Stephen Jacobs, Head of Communications

07831 764592

Cenkos Securities plc

Nicholas Wells / Max Hartley

020 7397 8900

More about Breedon Aggregates

Breedon Aggregates is the largest independent aggregates business in the UK, operating 26 quarries, 18 asphalt plants and 41 ready-mixed concrete plants in England and Scotland, and employing around 800 people.  Headquartered less than 20 miles from Nottingham, at Breedon-on-the-Hill near East Midlands Airport, the company has a strong presence in the East Midlands, with a number of ready-mixed concrete and asphalt plants in the region, including at nearby Corby, Mansfield and Cloud Hill.  The group has strong asset backing, with nearly 200 million tonnes of mineral reserves and resources.  Its strategy is to grow through consolidation of the UK heavyside building materials sector.

www.breedonaggregates.com

More about Nottingham Readymix

Established in 2008 and employing 11 people, Nottingham Readymix is the city's only independent BSI-accredited ready-mixed concrete supplier.  It operates a computerised batching plant at its site in Dunkirk, delivering a range of ready-mixed concrete products to the local area in its fleet of four-, six- and eight-metre truck mixers.  It is also a mini-mix specialist, supplying to customers who require smaller loads for commercial or domestic use.

www.nottinghamreadymix.co.uk

 

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