Cement News tagged under: Breedon Aggregates
Breedon records revenues of GBP929.6m in 201911 March 2020, Published under Cement NewsBreedon Group Plc has released its 2019 results that saw revenues reach GBP929.6m, up eight per cent on GBP862.7m in 2018. EBITDA totalled GBP116.6m, up 13 per cent on EBITDA of GBP103.5m in 2018. Net debt came in at GBP290.3m, down from GBP310.7m in 2018. Cement sales remained stable at 2Mt sold in 2019 when compared with the previous year, but 20.2Mt of aggregates were sold, up from 19.4Mt YoY. Asphalt sales also claimed from 2.8Mt in 2018 to 3Mt last year, while ready-mix concrete sales ... |
Britain's largest cement plant has economic worth valued15 May 2019, Published under Cement NewsHope Cement plant (Breedon group) has had an independent economic assessment report on its contribution to the local economy, which has been estimated at GBP53m. The economic impact assessment report was commissioned from global management, engineering and development consultancy Mott Macdonald by Breedon. Its aim was to establish how much the works contributes both financially and in terms of employment to the Peak District National Park (PDNP). The 2017 report reveals the plant employed ... |
Breedon enters agreement to acquire Lagan Group (Holdings) Ltd17 April 2018, Published under Cement NewsBreedon Group Plc has entered into a conditional agreement to acquire Lagan Group (Holdings) Ltd (Lagan), a leading Belfast-based construction materials business, for a cash consideration of GBP455m on a cash- and debt-free basis. The consideration will be financed by a combination of a new GBP150m term loan, a new GBP350m revolving credit facility which replaces Breedon's existing GBP300m revolving facility and a GBP170m equity placing. "We are delighted to have completed our largest a... |
UK: Breedon to complete Hope acquisition in August, 1H16 results22 July 2016, Published under Cement NewsFollowing the conclusion of the Competition & Markets Authority's (CMA) review, Breedon Aggregates expect to complete the acquisition of Hope Construction Materials Limited (Hope) on 1 August 2016 (subject to final clearance from the CMA). On completion, the enlarged group will be renamed Breedon Group plc, subject to approval by its shareholders at an Extraordinary General Meeting on 21 July 2016. The trading name of the enlarged group will simultaneously change from ‘Breedon Aggregates’... |
UK: Hope Cement launches bagged product range14 July 2016, Published under Cement NewsHope Construction Materials have officially unveiled its new high-performance bagged cement products, which, for the first time, are all available in the company’s own packaging, as ICR reported in its March 2016 issue. Hope say customers can expect to benefit from advanced packaging technology and unparalleled delivery service, which aims to provide a consistent lead-time commitment of 1-3 days, reports Agg-Net. The full product range consists of 12 key products, which are produced at the... |
Breedon Aggregates passes phase 1 of Hope acquisition12 April 2016, Published under Cement NewsBreedon Aggregates acknowledges the announcement today by the Competition and Markets Authority (CMA) that it has completed its Phase 1 review of Breedon’s proposed acquisition of Hope Construction Materials Limited (“Hope”) and that it has concluded there is a realistic prospect of a substantial lessening of competition in a limited number of local ready-mixed concrete markets in England and Scotland. In a company statement the building materials company stated "This outcome is in line wit... |
Breedon's full-year trading performance09 March 2016, Published under Cement NewsBreedon Aggregates Ltd reported continued improvement in trading performance for full-year 2015, with record results from both England and Scotland. Group revenue increased by 18.1 per cent to GBP318.5m as the UK construction sector continued to recover. Breedon reported that trading conditions in England remained stronger than in Scotland, but both divisions delivered record results in 2015. Group underlying EBITDA increased to GBP54.9m and its underlying EBITDA margin improved to 17... |
UK: Breedon to acquire Hope Construction Materials18 November 2015, Published under Cement NewsBreedon Aggregates of Leicestershire, UK, has agreed to acquire Hope Construction Materials for GBP336m (US$510.94m). Hope Construction Materials, is a major producer of cement, concrete and aggregates in the UK with more than 160 operational sites. In 2014 Hope sold 1.6Mt of cement, 4.7Mt of aggregates and 2.2Mm 3 of concrete, generating revenue of GBP273.5m and profit before tax of GBP18.7m. The acquisition extends Breedon's UK geographic footprint, opening up markets in London, the sou... |
New Group CEO for Breedon, UK26 August 2015, Published under Cement NewsBreedon Aggregates Ltd, the UK’s largest independent aggregates business, announced that Pat Ward, currently CEO of Aggregate Industries Europe (a subsidiary of LafargeHolcim), has agreed to join the company as Group chief executive officer. He will succeed Simon Vivian, who, having led Breedon since its creation has indicated his wish to step down as Group CEO and will move to a non-executive role with the company. Mr Ward is expected to join Breedon early next year once the terms of hi... |
Breedon Aggregates withdraws from Tarmac/Lafarge asset bid, UK19 October 2012, Published under Cement NewsBreedon Aggregates, the building materials group, said it has withdrawn from bidding to acquire assets being off-loaded by Lafarge and Tarmac. The two firms have been forced to sell by the Competition Commission before a construction materials joint venture can go forward. ??Earlier in October, Breedon submitted offers to the sellers' advisers for a number of the assets. "In the event, the group has been unable to meet the value expectations of the sellers in respect of the majority of... |