Business
Acquisitions
Acquisitions.
About this update from Breedon Group Plc
[{"type":"text","content":"\n\n18 May 2023\nBREEDON GROUP PLC\n \nThree transactions completed in GB and Ireland\nActive M&A pipeline delivering strategic progress\n \n \nBreedon Group plc (Breedon or the Group), a leading vertically-integrated construction materials group in Great Britain and Ireland, announces the completion of three recent bolt-on transactions with a combined enterprise value of up to c.£19m.\n \nIn Northern Ireland the acquisition of Robinson Quarry Masters Limited, a family-run quarrying and concrete block business in Country Antrim, has further extended our footprint North of Belfast. Robinson Quarry Masters enhances our aggregate reserves on the Island of Ireland and has a well-established customer base with exposure to housing, commercial and infrastructure end-markets.\n \nIn GB we have acquired two downstream businesses. Broome Bros. Limited is a leading manufacturer of concrete blocks based in Doncaster, adjacent to one of our existing ready-mixed concrete sites and Minster Surfacing Limited is an award-winning regional surfacing business based in Lincoln with strong sustainability credentials delivering a diverse portfolio of works from the Midlands to London.\n \n \nRob Wood, Chief Executive Officer, remarked:\n\"Many of our transactions come to us through our local knowledge and personal engagement with the owners. As a result, our active M&A pipeline has continued to yield high quality, earnings enhancing opportunities that will enable us to progress our sustainable growth strategy.\n \n\"Each of these independent family run businesses is aligned with our vertically-integrated operating model, providing further opportunity to pull through upstream building materials while extending our downstream footprint to deliver profitable growth. We are delighted to welcome our new colleagues to Breedon and look forward to working with them.\" \n \n \n\n\n\nENQUIRIES\n\n\n\n\n\n\n\nBreedon Group plc\n\n\n+44 (0) 1332 694010\n\n\n\n\nRob Wood, Chief Executive Officer\nJames Brotherton, Chief Financial Officer\n\n\n\n\n\n\n\nLouise Turner-Smith, Head of Investor Relations\n\n\n+44 (0) 7860 911909\n\n\n\n\nMHP (Public relations adviser)\n\n\n+44 (0) 20 3128 8193\n\n\n\n\nReg Hoare, Rachel Farrington, Charles Hirst\n \n\n\[email protected]\n\n\n\n\n \nAbout...