IN BRIEF: Brickability buys Surrey-based roofing services firm Beacon
31st Mar 2022 14:47
Brickability Group PLC - Bridgend, Wales-based construction materials distributor - Buys Surrey, England-based Beacon Roofing Ltd for GBP6.5 million. Brickability will pay GBP4.5 million in cash initially, plus GBP2.0 million over the next three years, subject to agreed performance targets. Beacon booked normalised earnings before interest, tax, depreciation and amortisation of GPB1.1 million on revenue of GBP8.9 million in the 12 months that ended January 31. It provides roofing services across south east England, mostly for house builders and developers. Brickability will provide a trading update in the second half of April, it says. Read More