Cement News tagged under: asset swap

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Breedon completes Tarmac asset swap

02 July 2018, Published under Cement News

Breedon 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...