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LONDON (Alliance News) - Breedon Aggregates Ltd Friday said it has expanded its operations by buying a ready-mix concrete plant on the Clearwell quarry site in Gloucestershire.
Breedon said it acquired the ready-mixed concrete plant from Aggregate Industries. It did not disclose any financial details on the transaction.
The acquisition of the concrete plant and its associated ready-mix trucks, will significantly expand Breedon's market opportunity in the region, it said.
"In addition to providing a new added-value outlet for Clearwell's washed limestone sand, it will also enable the company for the first time to service the industrial, commercial and housing markets in and around the Forest of Dean," the company said in a statement.
The Clearwell quarry is based near Lydney in Gloucestershire, and is one of the largest limestone quarries in the region, serving a wide range of customers in Gloucestershire and Monmouthshire. It was one of four quarries acquired from Marshalls PLC in April last year.
"It's great to be open for business in ready-mix in Gloucestershire. This is our first plant in the west of England," said Tim Hall, chief executive of Breedon Aggregates England, said in a statement.
Breedon operates 38 quarries, 22 asphalt plants, 51 ready-mixed concrete plants and two concrete block plants in England and Scotland, and employs approximately 1,000 people.
Breedon shares were trading 0.9% or 0.40 pence higher Friday morning at 46.28 pence per share.
By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty
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