Search Share Prices
Breedon acquires Scottish borders quarry and concrete plant
Construction materials firm Breedon Group has completed the acquisition of Blinkbonny Quarry (Borders) Limited for an undisclosed sum.
The AIM-quoted company said the acquisition provides it with its first quarry in the Scottish border region, as Blinkbonny owns a quarry and ready-mixed concrete plant near Kelso that employs 14 people.
The project has approximately 2.8m tonnes of high quality basalt hard rock reserves and resources, as well as a fleet of ready mixed concrete mixers and tippers, and a volumetric concrete mixer.
Alan Mackenzie, Managing Director of Breedon Northern, said: "Blinkbonny gives us a great opportunity to establish a presence in the Scottish Borders, through a business with long-term mineral reserves and resources. It is well invested, with modern plant and machinery, and has established an excellent reputation for quality and service among its customers in the surrounding area."
In total, Breedon Group operates two cement plants, 70 quarries, 40 asphalt plants, 200 ready-mixed concrete and mortar plants, nine concrete and clay product plants, four contract surfacing businesses, six import and export terminals and two slate production facilities.
As of 0833 BST, Breedon Group's shares were unchanged at 83.10p.