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Breedon buys Stoke-based mini mix concrete operator Staffs Concrete
AIM-listed construction materials group, Breedon, has bought Stoke-on-Trent based 'mini mix' concrete operator Staffs Concrete for an undisclosed sum.
Breedon said that Staffs, which was acquired through its subsidiary, Breedon Southern Limited, complements its existing mini mix businesses, 1st Mix and Pro Mini Mix, which operate through the West and East Midlands and East Anglia. It will draw material from Breedon's local ready-mixed concrete plants and extend the group's reach to the north of Birmingham.
Staffs operates a fleet of eight mixer trucks and two concrete pumps, specialising in delivering small loads of ready-mixed concrete and screeds, up to six cubic metres, to commercial and domestic customers in Staffordshire.
Chief executive Mike Pearce said: "Staffs Concrete is exactly the kind of bolt-on acquisition we're looking for. It has a great reputation, with a really committed team and a loyal customer base. It further strengthens our overall position in a key market for us and will enable us to provide our existing customers with an exciting new product and service offer."
At 1220 BST, the shares were down 0.3% to 79.26p.