Breedon Aggregates has acquired assets from rival Marshalls worth up to £19m, just days after buying up £34m in assets from Aggregate Industries.
The deal comes hot on the heels of Breedon buying up £34m in Scottish Assets from Aggregate Industries, which added around 20 per cent to group revenue.
The assets – purchased from Marshalls Mono – are freehold and leasehold quarries at locations around the UK.
- Clearwell, near Lydney, Gloucestershire, which produces high-quality limestone aggregates.
- Sand and gravel quarries at Dunsville, near Hatfield in South Yorkshire, Astley Moss in Greater Manchester and Mold in North Wales, collectively operating as Lloyds Sand and Gravel.
- An option to develop sand and gravel resources near Saredon, Staffordshire.
The quarries will provide an additional 13m tonnes of mineral reserves and resources to Breedon, with the potential for additional mineral prospects of 5m tonnes.
Breedon described the acquisition – which remains conditional on a resolution at a general meeting on 26 April 2013 – as a move into “new but contiguous market”.
In 2012, the quarries generated around £10m in revenue and an EBITDA of £2.3m.