Wednesday, January 27, 2021

Breedon completes £12.2m deal with Tillicoultry Quarries

Breedon’s deal to dispose of certain assets to Tillicoultry Quarries Limited for £12.2m has completed, allowing the company to progress its £178m CEMEX acquisition.

Following clearance from the Competition and Markets Authority, 14 sites have been divested, including 10 ready-mixed concrete plants and an asphalt plant and associated aggregates depot in England, and two quarries and a cement terminal in Scotland.

The move from Breedon comes at the direction of the Competition and Markets Authority in order to address concerns that Breedon’s purchase of certain assets from Cemex Investments Limited (CEMEX UK) gives rise to a realistic prospect of a substantial lessening of competition in certain areas.

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