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Breedon Group Subsidiary Snaps Up UK Firm Staffs Concrete

3rd Apr 2018 09:11

LONDON (Alliance News) - Construction materials firm Breedon Group PLC said Tuesday one of its subsidiaries has purchased Stoke-based company Staffs Concrete Ltd.

Breedon Southern Ltd has bought the 'mini-mix' concrete operator for an undisclosed amount.

The company said Staffs Concrete will complement existing mini-mix operations, and will draw material from Breedon's ready-mixed concrete plants and extend its reach north of Birmingham.

Staffs Concrete, it said, operates eight mixer trucks and two concrete pumps, specialising in the delivery of small loads of ready-mix concrete and screeds up to six cubic metres.

Breedon Southern Chief Executive Mike Pearce said: "Staffs Concrete is exactly the kind of bolt-on acquisition we're looking for.

"It has a great reputation, with a really committed team and a loyal customer base. It further strengthens our overall position in a key market for us and will enable us to provide our existing customers with an exciting new product and service offer."

Breedon shares were up 0.1% on Tuesday at a price of 79.60 pence each.


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