Northern Irish firm Tracey Concrete has acquired Stanton Precast Drainage of Ilkeston.
SATEBA, a French and European leader in sustainable rail infrastructure, has sold the Stanton Precast Drainage business.
Tracey Concrete has been an established name in precast concrete drainage since 1979.
A statement from Tracey Concrete says: “We are pleased to announce a significant milestone for Tracey Concrete in the UK market. We have successfully acquired Stanton Precast Drainage in Ilkeston, Derby.
“This strategic move is a testament to our commitment to delivering high-quality precast drainage solutions and reinforces our position in the industry. By merging our expertise and resources, we are well-positioned for continued expansion and success.”
A statement from SATEBA says: “With a shared vision for the future, we’re confident this transition will herald a promising era for the Stanton drainage business, which was not a core business for SATEBA.
“SATEBA is retaining its UK infrastructure and rail business and remains committed to its UK team for future development. The company will remain on the same site which has been split between the two companies.”
