Cement News tagged under: Breedon
Cemex set to divest certain UK assets to Breedon Group08 January 2020, Published under Cement NewsUK-based Breedon Group has announced that it has entered into a conditional agreement with Cemex to acquire certain assets and operations in the UK for a total consideration of GBP178m, on a cash and debt free basis. The assets encompass approximately 100 active operations, including 49 ready-mix plants, 28 aggregate quarries, 4 depots, 1 cement terminal, 14 asphalt plants and 4 concrete products operations. The operations are located across six divisions located in Scotland, Wales, north-... |
Breedon appoints Clive Watson to its board03 September 2019, Published under Cement NewsUK-based Breedon Group has announced the appointment of Clive Watson to its board as an independent non-executive director of the company. Mr Watson was previously the group financial director of Spectris and is still currently serving as a non-executive director of DiscoverIE Group. According to a press release, he holds 35,000 ordinary shares (0.002 per cent of total voting rights) in the company. |
Breedon completes Tarmac asset swap02 July 2018, Published under Cement NewsBreedon Group announced it has completed an asset swap with Tarmac that secures 25Mt of additional mineral reserves and some 50,000tpa of extra asphalt capacity in four key UK locations. The Group has acquired from Tarmac three quarries near Inverness, Penrith and Wrexham, together with a quarry and asphalt plant near Porthmadog, in exchange for 23 of its ready-mixed concrete plants and a payment to Tarmac of GBP6.1m in cash. Commenting on today’s announcement Pat Ward, Breedon’s Grou... |
Breedon expands its UK operations23 April 2018, Published under Cement NewsThis week Breedon Group Plc announced that it had entered into a conditional agreement to acquire Lagan Group (Holdings) Ltd for GBP455m. While the aim is to create a leading independent construction materials group in the UK and Ireland, this move will provide the group with a platform to establish further organic growth and bolt-on acquisitions. The acquisition is expected to give Breedon annual cost savings of approximately GBP5m by the third full year following completion. The ... |
Breedon completes acquisition of Humberside Aggregates01 August 2017, Published under Cement NewsBreedon, the UK’s largest independent construction materials group, announced that it has today completed the acquisition of Humberside Aggregates Ltd (Humberside) for a total consideration of GBP9m, subject to completion adjustments. Humberside is a leading independent sand and gravel quarry and aggregates merchanting business based at North Cave near Hull in east Yorkshire, employing around 30 people. It supplies a broad range of customers, including ready-mixed concrete and mortar prod... |
UK CMA gives final clearance in Breedon’s Hope acquisition27 July 2016, Published under Cement NewsUK Competition and Markets Authority (CMA) has cleared Breedon to acquire Hope Construction Materials following its acceptance of Breedon’s undertakings in lieu of a reference to a Phase 2 investigation in respect of its proposed acquisition of Hope. Breedon had proposed undertakings to the CMA to divest 14 readymix sites to an up-front buyer approved by the CMA. Following the clearance, Breedon now expects the acquisition to complete on 1 August 2016. Commenting on the announcement ... |