Breedon Group completes asset swap with Tarmac

Breedon Group has completed an asset swap with Tarmac, acquiring three quarries and a quarry with asphalt plant in exchange for 23 ready-mixed concrete plants and £6.1 million cash. The deal secures 25 million tonnes of additional mineral reserves and around 50,000 tonnes of annual asphalt capacity.

“This is an excellent, margin-enhancing deal for us and fully in line with our strategy of strengthening our asset base and improving the quality of our earnings.”uk.advfn.com

• 1 source
• uk.advfn.comBreedon Group PLC BREEDON COMPLETES ASSET SWAP WITH TARMAC (1608T) - ADVFNJul 2, 2018

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