UK: Breedon has agreed to acquire the Sherburn Minerals Group for a total consideration of up to Euro18.4m, subject to completion adjustments. The acquisition will add Sherburn’s two terminals in northeast England and eastern Scotland, that are used to import cement and ground granulated blast-furnace slag (GGBS), to Breedon’s Hope cement plant.
Sherburn is an independent heavyside building materials business headquartered in County Durham, employing approximately 110 people. It operates four quarries and five ready-mixed concrete plants in County Durham, Northumberland, North Yorkshire and Cumbria. It also distributes cementitious products from two import terminals at Blyth near Newcastle and Dundee in eastern Scotland.
Following completion of the acquisition Paul Allison, Sherburn’s current Managing Director and a minority shareholder, will remain with the business as a consultant.