Acquisition of leading quarrying group GDH

RNS Number : 6446Z

SigmaRoc PLC

22 September 2020

 

22 September 2020

(EPIC: SRC / Market: AIM / Sector: Construction Materials)

SIGMAROC PLC

( ' SigmaRoc ' , the 'Company' or the 'Group' )

Acquisition of leading quarrying group GDH (Holdings) Limited ('GDH')

SigmaRoc plc, the buy-and-build construction materials group, is pleased to announce it has completed the acquisition of the remaining 60 per cent. equity interest in GDH, a significant quarrying group located in South Wales. This acquisition has been completed in line with the Company's announcements dated 15 April 2019 and 1 September 2020.

SigmaRoc will be working closely with the GDH management team to grow and develop the business in South Wales, focusing on a number of prospects and significant opportunities for the business during the remainder of the year and into 2021.

Max Vermorken, CEO of SigmaRoc, commented:

"We are delighted to have completed our acquisition of GDH and we look forward to building on the excellent progress made during our time as a minority shareholder and to continuing our work with Ian Harries and his team at GDH as they become part  of the SigmaRoc Group." 

Further information on GDH can be found at: https://gdharries.biz .  

Information on SigmaRoc is available on the Company's website at: www.sigmaroc.com .

For further information, please contact:

SigmaRoc plc Max Vermorken	Tel: [phone]
Strand Hanson Limited (Nominated and Financial Adviser) James Spinney / James Dance / Jack Botros	Tel: [phone]
Liberum Capital (Co-Broker) Neil Patel / Jamie Richards / Jonathan Wilkes-Green / William Hall	Tel: [phone]
Peel Hunt (Co-Broker) Mike Bell/Ed Allsop	Tel: [phone]
Rubik Communications (Financial PR adviser) Andrea Mora / Charlotte Hollinshead	Tel: [phone] [e-mail]

 

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