Hundreds of jobs will be secure in the UK Midlands despite the UK£8 billion agreed takeover of building materials group Hanson by Germany’s HeidelbergCement.
HeidelbergCement, the aggregates and building materials group, said it saw no "large scale" job losses from the deal which still requires shareholder approval.
Heidelberg has an office for its Castle Cement business in Birmingham, and Hanson employs about 250 at asphalt plants and quarries in Nuneaton and Rowley Regis. But it is likely the German group will close Hanson’s UK and North American headquarters as part of its plan to extract UK£137 million of synergies by the end of 2009.
Hanson also employs people at its ready mix operation in Birmingham and Wolverhampton, and at its quarry and asphalt plant north of Cannock at Pottal Pool.