Ag Industries completes bolt-ons

Aggregate Industries has today (Tuesday) announced the completion of two further bolt-on acquisitions in the UK. 

The group has purchased the entire issued share capital of Aggregate Supplies, a bagging business based in Wembley with 10 strategically located plants throughout the southern half of England. 

Aggregate Industries already supplies a wide range of bagged and packed building products to private and public sector customers in the UK through its Quarrypak operation, which this acquisition will complement. 

Last year Aggregate Supplies sold 2m tonnes of bagged aggregates resulting in a turnover of £32m.

The group has also acquired a 51% interest in Concrete Developments, taking Aggregate Industries into the new market of pre-cast concrete flooring. The company, which trades as Melton Concrete Products, operates two factories in Fairford, Gloucestershire and Newark, Nottinghamshire, respectively manufacturing beam & block and hollow core flooring.

Aggregate Industries paid £7.3m (including assumed debt), for Aggregate Supplies and £5m for the acquisition of the shareholding in Concrete Developments. 

The group also announced that the temporary suspension of its Massachusetts subsidiary Aggregate Industries Northeast from bidding for new federal contracts has now been lifted.