Skip to main content

Breedon Group and Tarmac trade assets

Published by
World Cement,

UK building materials suppliers, Breedon Group and Tarmac, a subsidiary of CRH, have agreed to swap a number of assets, including quarries, ready-mixed concrete plants, and asphalt plants.

Under the deal, Breedon Group will acquire four quarries in Scotland, Cumbria, and north Wales, and an asphalt plant in west Wales. The deal is valued at £16.5 million and will be satisfied by the transfer of 27 ready-mixed concrete plants to Tarmac, as well as the payment of £4.9 million in cash.

The ready-mixed concrete plants are located in a range of locations between Dumfried in Scotland to Exeter in the southwest of England.

The deal will add about 25 million t to Breedon’s mineral reserves and resources, the company said in a press release, as well as furthering the development of its asphalt capacity.

“This deal brings significant benefits,” said Pat Ward, Breedon Group’s CEO. “It adds to our reserve base; it is margin enhancing; it releases value from peripheral ready-mixed concrete plants; and it will enable us to replace third-party aggregates providers with our own sources of supply.”

The transaction is expected to close in 1H18, subject to approval by the UK’s competition regulator, the Competition & Markets Authority.

Read the article online at:

You might also like

Optimisation 2019

Optimisation 2019

Optimisation 2019 is an online conference for professionals in the cement sector. Since this is a completely virtual conference, you can join us from anywhere in the world, absolutely free. Register for free today »


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

Aggregates news UK cement news Concrete news