Monday, September 28, 2020

Breedon completes CEMEX acquisition

Breedon, the Leicestershire-based construction materials group, has completed its acquisition of certain assets and operations from CEMEX, as announced in January 2020.

The Competition and Markets Authority (CMA) has instructed that these assets should be held separate from Breedon until it has completed its investigation.

Accordingly, the assets will be operated as Pinnacle Construction Materials (Pinnacle), a newly-created ring-fenced business led by an independent management team and operating from its own offices.

Pinnacle offers a range of heavy building materials, including aggregates, asphalt, ready-mixed concrete, concrete products and cement, together with contracting services, from approximately 100 locations in England, Wales and Scotland.

This acquisition brings with it a portfolio of operations with a team of some 650 employees and a further 170 million tonnes of mineral reserves and resources. It will strengthen Breedon’s regional footprint in the UK and provide a platform for future expansion.

The CMA is presently undertaking a Phase 1 investigation, in respect of which the CMA are expected to announce their initial conclusions on or before 26 August 2020.

Following the conclusion of the CMA’s investigation, which could still take several months, and subject to the outcome of that investigation, the assets are expected to be incorporated into Breedon’s UK business.

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 lockdown having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.






Latest news

20 years in the making – Serena Humphrey launches ‘The F Word Academy’

One of the region’s most respected business figures, Serena Humphrey, has celebrated two decades in business and more than 30 years in the financial...

East Midlands Bricks Awards 2020 goes fully digital

East Midlands Business Link is pleased to announce that despite Governmental guidelines making in-person conference and events of the size of the Bricks Awards...

University to create Smart Wireless Innovation Facility as part of ‘smart campus’ project

Nottingham Trent University’s Clifton Campus will see the implementation of new 5G connectivity and infrastructure as part of a new ‘smart campus’ project. As well...

Time Out: Ashley Oates, Head of Sustainability at Ward

The weekend has crept up on us once again. That means it’s time for some quickfire questions with another business leader from our region. For...

Commissions calls for £4.2bn annual skills investment to combat COVID, reboot economy

The Future-Ready Skills Commission is calling for £4.2 billion of skills investment a year to reboot the economy and help the UK recover from...

Related news

Haulage, storage and distribution firm secures 55,000 sq ft unit at St. Modwen Park Lincoln

St. Modwen will have another new occupier at St. Modwen Park Lincoln after haulage, storage and distribution firm George H Kime & Co Ltd...

20 years in the making – Serena Humphrey launches ‘The F Word Academy’

One of the region’s most respected business figures, Serena Humphrey, has celebrated two decades in business and more than 30 years in the financial...

East Midlands Bricks Awards 2020 goes fully digital

East Midlands Business Link is pleased to announce that despite Governmental guidelines making in-person conference and events of the size of the Bricks Awards...

University to create Smart Wireless Innovation Facility as part of ‘smart campus’ project

Nottingham Trent University’s Clifton Campus will see the implementation of new 5G connectivity and infrastructure as part of a new ‘smart campus’ project. As well...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close