Breedon buys ‘certain assets and operations’ of Cemex UK in £178m deal


 

Construction group Breedon has acquired ‘certain assets and operations of Cemex UK’ in a £178m deal that gives it control of around 100 active operations across six divisions in England, Scotland and Wales. Breedon will pay £155m in cash and take on £23m of lease liabilities under the terms of the takeover. It said the conditional agreement with Cemex was consistent with its strategy of purchasing “earnings-enhancing aggregates-related businesses with strong potential for performance improvements and synergy benefits.” Completion of the […]