Breedon stalks disposals from Anglo-Lafarge merger

Aaron Morby 13 years ago
Share

Independent quarrying firm Breedon Aggregates is hoping to exploit the fallout from the planned merger of Anglo American and Lafarge operations in the UK.

Breedon has confirmed it is a frontrunner to buy any businesses sold off to gain Competition Commission clearance for the £1.8bn mege-merger between Larfarge and Anglo’s Tarmac business.

The Competition Commission threw the whole deal into question this month when its raised concerns that the deal would restrict the market for bulk cement and rail aggregates in the UK.

It also warned competition would be dangerously limited in 23 local aggregates markets and a handful of regions covering asphalt and readymix supplies.

Now Breedon has expressed it interest in any sell off of businesses, both materials giants may be encourage to proceed with the Lafarge-Tarmac merger, which is expected to reap operational cost savings of £60m.

Simon Vivian, Breedon’s chief executive, told the Financial Times: “We are on standby to do a bigger deal and our shareholders are supportive of that and we will watch with interest.”

Breedon bought C&G Concrete last year for £10.5m and hopes to beef up it quarrying, asphalt and concrete assets even further through a business transforming deal.

As the largest independent aggregates group in the UK, it operates 26 quarries, 18 asphalt plants and 41 ready-mixed concrete plants in England and Scotland and employing over 800 staff.

Latest news

Take That brother buys steelwork giant William Hare

Entrepreneur Simon Orange seals deal for £350m turnover contractor
16 hours ago

Civils contractor LF Solutions files administration notice

£20m-turnover specialist has labour supply arm and own plant fleet
2 hours ago

Keltbray strikes £30m funding deal for growth

Three-year funding deal to support push into higher-margin work
17 minutes ago

Joseph Gallagher lands £50m green energy deal

Major trenchless construction contract for HyNet North West project
1 hour ago

New boss drives NG Bailey to record revenue

Fresh strategy lifts M&E group's order book to £1.6bn
10 hours ago

Costain wins vast underground hydrogen storage design job

Firms lands FEED contract for Cheshire salt caverns conversion
1 hour ago

Graham gets green light for £70m Glasgow student tower

Construction due to start this year on 25-storey Anderston scheme
44 minutes ago

New £16bn National Housing Bank to drive 500k new builds

Homes England given new powers to finance stalled and complex schemes
9 hours ago

Morgan Sindall upgrades profits forecast for this year

Overbury fitout and construction operations exceed trading expectations
1 day ago

Major project bidders to face ‘British jobs’ test

Contractors to face tougher jobs pledge scrutiny under new procurement shake-up
2 days ago

Green light for £32m Wythenshawe Culture Hub

Construction to start this year on first phase of £500m town centre revamp
1 day ago

Hercules delivers record first half as HS2 fuels growth

Labour supply specialist says HS2 demand climbing with 630 workers now deployed
1 day ago

Private equity firm acquires Hepworth Clay pipes business

Historic UK drainage manufacturer sold by Wavin
1 day ago

Balfour Beatty names new Scottish MD

Nick Rowan to take reins as Hector MacAulay to retire after 40 years
2 days ago

£500m rail deal locks in future for Scunthorpe steelworks

Government-backed deal with Network Rail safeguards UK production
24 hours ago

Morrison rides in for £19m mountain bike R&D hub

Flagship Borders cycling R&D hub set for Caerlee Mill site
2 days ago

Revised plan submitted for Manchester landmark towers

400 more flats added to Albert Bridge House scheme
2 days ago

Job losses loom at consultant GHD

Redundancy consultation underway with jobs at risk
2 days ago

Knight Harwood lifts margin to 4.9% as profit hits £6.5m

London specialist sees strong office and luxury resi pipeline
2 days ago

Hampshire launches £150m minor works reboot

General builders, M&E and roofing firms invited to apply
2 days ago

Winners named for £2.6bn NHS SBS Modular 3 framework

Twenty-seven secure spots on health, education and resi framework
5 days ago

Leeds kicks off homes vision for Elland Road regeneration

Council plans to deliver 2,000 homes around United’s revamped stadium
5 days ago

Former Mace deputy chairman Mark Holmes awarded CBE

King's Birthday Honours spotlights industry's architecture and environment achievements
2 days ago

Britcon targets £70m turnover after string of framework wins

Major AMP8 win and regional expansion fuel contractor’s biggest growth push yet
5 days ago

Go-ahead for 37-storey tower at Leeds Merrion Centre

Town Centre Securities to deliver over 1,000 student rooms
5 days ago

Taylor Wimpey fined £800k after apprentice falls down stairwell

Teenage brickie injured after falling with pile of concrete blocks
6 days ago

Green light for life sciences buildings in campus expansion

Construction to start this year on Wellcome Genome Campus in South Cambridgeshire
5 days ago

Morgan Sindall scores £63m twin wins on flagship leisure projects

£36m Southampton and £27m Bishop Auckland jobs get underway
5 days ago

Hill and L&G partner on £450m Coventry city centre revamp

Partners to deliver opening phase of 991-home City Centre South scheme
6 days ago

Graham snaps up sector veteran to lead office fit-outs

Peter Allan most recently held director roles at ISG and Overbury
5 days ago

Contractor services