Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Breedon’s acquisition of Hope approved

Rail waggons high res

The Competition and Markets Authority (CMA) has given the go-ahead for Breedon to buy Hope Construction Materials.

The Authority says it has accepted Breedon’s plans to sell some of its ready-mix concrete sites after concerns were raised in relation a number of sites where it was feared customers might face higher prices as a result of the merger in the local area. Breedon has offered to sell 14 sites to Tarmac and the Concrete Company, both of which have been approved by the CMA. The newly merged entity will operate over 200 sites across England, Wales and Scotland. The sale worth £336M is expected to be completed on August 1.

Breedon’s chairman Peter Tom said: “The way is now clear for Hope to join us and create the UK’s largest independent construction materials group. It will give us a stronger platform for growth, with a broader geographical footprint, increased scale, an improved product mix, greater financial capacity and a team of highly talented people.

“We have built our reputation on our service, delivered locally, promptly and to the highest quality standards. We look forward to working with our new colleagues to deliver an even better and more comprehensive service to our customers in the years ahead.”


Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.