Announced
Financials
Tags
United Kingdom
Acquisition
Friendly
Pending
asphalt production
Building Materials: Other
Majority
Private
Single Bidder
Synopsis
Breedon Group, a leading construction materials group in Great Britain and Ireland, agreed to acquire Roadway Civil Engineering & Surfacing, an integrated asphalt production and contract surfacing business in North Wales, for £13.5m. "This is a further step in our regional expansion, acquiring an integrated asphalt and contract surfacing business in an area of the UK where we have been seeking to strengthen our presence for some time. It demonstrates our consistent ability to secure value-enhancing acquisitions and we remain confident of being able to continue adding value in this way." Pat Ward, Breedon's group chief executive.
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