# 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.

- Type: Acquisition
- Announced: 2018-07-02
- Where: Inverness, Penrith, Wrexham, Porthamadog, United Kingdom
- Value: $8.10M (6.10M GBP)
- Status: completed
- Capacity: 50,000 tonnes of asphalt per year
- Products: mineral reserves, asphalt
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Tarmac](https://endata.com/companies/16748.md) (partner)
- [Breedon Group](https://endata.com/companies/29795.md) (acquirer)

## Sources

- [uk.advfn.com](https://uk.advfn.com/stock-market/london/breedon-BREE/share-news/Breedon-Group-PLC-BREEDON-COMPLETES-ASSET-SWAP-WITH-TARMAC/77779684), 2018-07-02: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.