7th Apr 2021 14:19
SigmaRoc PLC - London-based building materials company - Buys B-Mix Beton and Casters Beton for a total consideration of EUR13 million. SigmaRoc says B-Mix, located in Tessenderloo, Belgium, and Casters, located in Genk, Belgium, operate four concrete plants, producing around 250,000 cubic meters annually. In total, the businesses generated a turnover of EUR22 million, earnings before interest, tax, depreciation and amortization of EUR3.3 million and a net profit of EUR1.5 million in 2020.
Alongside the acquisitions, SigmaRoc says it has entered into an option agreement, granting it the right to acquire 11 hectares of quayside industrial land in Tessenderloo, for a consideration of EUR9 million. The land includes 260 metres of quayside along the Albert Canal, one of the busiest national shipping lanes in Belgium, which houses the B-Mix concrete business.
Current stock price: 79.70 pence, up 5.6% on Wednesday
Year-to-date change: up 27%
By Evelina Grecenko; [email protected]
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