BREEDON has agreed to acquire the Sherburn Minerals Group for £15.7 million.
Sherburn, an independent heavyside building materials business based in County Durham, employs around 110 people. The firm operates four quarries and five ready-mixed concrete plants in County Durham, Northumberland, North Yorkshire and Cumbria. It also distributes cementitious products from two import terminals at Blyth and Dundee.
Breedon said Sherburn has more than 21 million tonnes of mineral reserves and resources, together with “significant” cement storage capacity at its two terminals.
Paul Allison, Sherburn’s current managing director and a minority shareholder, will remain with the business as a consultant.
Pat Ward, Breedon’s chief executive, said, “Following our acquisition of Hope earlier this year, which significantly expanded our geographical footprint in the north of England, Sherburn is a perfect infill acquisition for us. It gives us additional mineral reserves and access to new markets for our aggregates and concrete, as well as a first-rate workforce.
“It also complements our existing cement plant at Hope and will enable us to expand our cementitious business through the importation of cement and ground granulated blast-furnace slag (GGBS) through Sherburn’s two strategically located terminals in north-east England and eastern Scotland.”