# Breedon's £178M purchase of Cemex assets raises UK competition concerns

Breedon Group's £178 million deal to buy approximately 100 Cemex sites across the UK raises competition concerns in 15 local markets for ready-mixed concrete, aggregates and asphalt, the CMA found.

- Type: Acquisition
- Announced: 2020-07-31
- Where: United Kingdom, United Kingdom
- Value: $234.0M (178.0M GBP)
- Status: announced
- Products: ready-mixed concrete, aggregates, asphalt, cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Breedon Group](https://endata.com/companies/29795.md)
- [Cemex](https://endata.com/companies/16140.md) (target)
- [Breedon Group](https://endata.com/companies/29795.md) (acquirer)
- [Cemex Investments Limited](https://endata.com/companies/44719.md) (target)

## Sources

- [gov.uk](https://www.gov.uk/government/news/construction-materials-deal-raises-competition-concerns), 2020-08-26: "the deal gives rise to competition concerns in relation to the supply of ready-mixed concrete, non-specialist aggregates or asphalt in 15 local markets across the UK."
- [insider.co.uk](https://www.insider.co.uk/news/breedon-cemex-merger-could-raise-22579338), 2020-08-26: "Breedon announced in January that it had agreed a £178 million deal to buy around 100 Cemex sites, including quarries, concrete facilities, asphalt plants and a cement terminal, and completed the purchase on July 31"
- [constructionnews.co.uk](https://www.constructionnews.co.uk/government/watchdog-fears-higher-materials-prices-after-breedons-180m-cemex-deal-26-08-2020/), 2020-08-26: "Breedon announced in January that it had agreed a £178m deal to buy 100 Cemex sites across the UK, including aggregate quarries, ready-mixed concrete facilities, asphalt plants and a cement terminal."
- [irishnews.com](https://www.irishnews.com/business/2020/08/27/news/breedon-acquisition-of-cemex-raises-competition-concerns-2048163/), 2020-08-27: "Breedon Group's decision to buy a cement terminal, asphalt plants and dozens of other sites supplying building materials 'gives rise to concerns', the Competition and Markets Authority (CMA) said."
- [cemnet.com](https://www.cemnet.com/News/story/169497/breedon-welcomes-cma-announcement-on-cemex-asset-acquisitions.html), 2020-09-10: "Breedon welcomes today's announcement from the Competition and Markets Authority (CMA) that it has reasonable grounds for believing that the undertakings offered by Breedon in connection with its completed acquisition of certain assets and operations from Cemex, or a modified version of them, might "
- [scottishconstructionnow.com](https://www.scottishconstructionnow.com/articles/breedon-to-sell-scottish-assets-to-pave-way-for-cemex-deal), 2020-09-10: "Breedon has informed the watchdog of its intention to sell a small number of ready-mixed concrete plants and an asphalt plant in England, and two quarries and a cement terminal in Scotland."

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