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New Deal


Announced

Completed

Breedon Group completed the acquisition of Hope Construction Materials for £336m.

Financials

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Transaction Value£336m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales1.2x
EV/EBITDA10x
Share Price Premium-
One Off Charge-

Tags

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construction aggregates

Single Bidder

Private

Cement

Friendly

Cross Border

Completed

United Kingdom

construction materials

cement

concrete

Acquisition

Majority

Synopsis

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Breedon Group, a British construction materials company, completed the acquisition of Hope Construction Materials, a producer of cement, concrete and aggregates in the United Kingdom, for £336m. "The acquisition of Hope transforms Breedon into the UK’s leading independent building materials group. We’re creating a vertically-integrated business with one of the country’s largest cement plants, nearly 60 quarries, more than 200 ready-mixed concrete plants and around 750m tonnes of mineral reserves and resources together with access for the first time to the rail-fed sector of the market," Peter Tom, Breedon Executive Chairman.

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