Acquisition of Pro Mini Mix

RNS Number : 7935D

Breedon Group PLC

02 May 2017

 

2 May 2017                                                                                         

BREEDON GROUP PLC ("Breedon" or "the Group")

Acquisition of Pro Mini Mix

Breedon Southern Limited, a subsidiary of Breedon, the UK's largest independent construction materials group, has acquired Pro Mini Mix Concrete, Mortars and Screeds Limited ("Pro Mini Mix"), a 'mini mix' concrete operator based at Oldbury in the Black Country and covering the West Midlands.

The company operates a fleet of eight mixer trucks and specialises in delivering small loads of ready-mixed concrete and screeds, up to four cubic metres, to commercial and domestic customers.

Breedon Southern already operates a successful mini mix business, 1stMix, which has a strong presence throughout the East Midlands and East Anglia.  Pro Mini Mix, which will be based at Breedon Southern's new ready-mixed concrete plant in Walsall, will enable the Group to extend its coverage across the central belt of England, taking advantage of the buoyant markets in and around Birmingham. 

Commenting on the acquisition Tim Hall, Chief Executive of Breedon Southern, said: "Pro Mini Mix is the perfect complement to 1stMix.  It has a well established reputation in the West Midlands market, with a strong local service ethos and a great team.  It also offers us another valuable route to market for our aggregates and cement."

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For further information:

Breedon Group plc

Pat Ward, Group Chief Executive

Rob Wood, Group Finance Director

01332 694444

Stephen Jacobs, Head of Communications

07831 764592

Cenkos Securities plc

Max Hartley (Nomad)

020 7397 8925

Peel Hunt (joint broker)

Justin Jones / Mike Bell 020 7418 8900

Note to editors

Breedon Group plc is the UK's largest independent construction materials group.  Breedon operates the country's largest cement plant, two cementitious import terminals, around 60 quarries, 26 asphalt plants, 200 ready-mixed concrete plants and three concrete products plants nationwide.  The Group employs around 2,300 people and has more than 750 million tonnes of mineral reserves and resources.  Its strategy is to continue growing organically and through the acquisition of businesses in the UK heavyside construction materials market.

 

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