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01/12/2016
Breedon Announces Acquisition Of Sherburn Minerals
Breedon has purchased a number of quarries, ready-mix (RMX) concrete plants and terminals in England and Scotland.
The industry materials group has acquired rival firm Sherburn Minerals Group for £15.7 million.
Sherburn employs around 110 people and operates four quarries and five RMX plants in County Durham, Northumberland, North Yorkshire and Cumbria.
In addition, it distributes cementitious products from two import terminals at Blyth near Newcastle and Dundee in eastern Scotland.
Following the deal, Paul Allison, Sherburn's current Managing Director and a minority shareholder, will remain with the business as a consultant.
Pat Ward, Breedon's Chief Executive, said: "Following our acquisition of Hope earlier this year, which significantly expanded our geographical footprint in the north of England, Sherburn is a perfect infill acquisition for us. It gives us additional mineral reserves and access to new markets for our aggregates and concrete, as well as a first-rate workforce.
"It also complements our existing cement plant at Hope and will enable us to expand our cementitious business through the importation of cement and ground granulated blast-furnace slag (GGBS) through Sherburn's two strategically located terminals in north-east England and eastern Scotland."
(LM/CD)
The industry materials group has acquired rival firm Sherburn Minerals Group for £15.7 million.
Sherburn employs around 110 people and operates four quarries and five RMX plants in County Durham, Northumberland, North Yorkshire and Cumbria.
In addition, it distributes cementitious products from two import terminals at Blyth near Newcastle and Dundee in eastern Scotland.
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Following the deal, Paul Allison, Sherburn's current Managing Director and a minority shareholder, will remain with the business as a consultant.
Pat Ward, Breedon's Chief Executive, said: "Following our acquisition of Hope earlier this year, which significantly expanded our geographical footprint in the north of England, Sherburn is a perfect infill acquisition for us. It gives us additional mineral reserves and access to new markets for our aggregates and concrete, as well as a first-rate workforce.
"It also complements our existing cement plant at Hope and will enable us to expand our cementitious business through the importation of cement and ground granulated blast-furnace slag (GGBS) through Sherburn's two strategically located terminals in north-east England and eastern Scotland."
(LM/CD)
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