Profits at UK-based Breedon Group fell by 18% in the first six months of the year. The company revealed that profit before tax fell to £46.5 million during its first half. Revenue rose by 3% to £764.6 million on the back of the firm’s entry into the U.S. market. The company said the market remains “challenging” in the UK and…
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Breedon Provides Company Update
International construction materials company Breedon Group plc, with locations in Great Britain, Ireland and the United States, provided the following trading update ahead of the group’s Annual General Meeting. Trading during the first quarter was impacted by the ongoing macroeconomic uncertainty and reduced construction activity due to wet weather conditions. This led to softer volumes which were partially offset by…
Read MoreA Breedon Apart
The news was not totally unexpected, it had been rumored for a while, but it just got real real: Breedon has entered the U.S. construction materials market. Breedon Group plc, in case you are not aware, is a leading vertically integrated construction materials group in Great Britain and Ireland. Breedon holds “1 billion tonnes of mineral reserves and resources with…
Read MoreFirst Look – April 2024
TOP NEWS Breedon GroupBreedon Group plc, a vertically integrated construction materials group in Great Britain and Ireland, announced the acquisition of BMC Enterprises Inc. The price was $300 million. BMC is a supplier of ready-mixed concrete, aggregates and building products headquartered in St Louis, with a strong track record of both organic and transactional growth. Rogers GroupRogers Group Inc. (RGI)…
Read MoreBreedon Enters North American Aggregates Market
Breedon Group plc, a vertically-integrated construction materials group in Great Britain and Ireland, announced the acquisition of BMC Enterprises Inc. The price was $300 million. BMC is a supplier of ready-mixed concrete, aggregates and building products headquartered in St Louis, with a strong track record of both organic and transactional growth. Breedon said this is a “compelling opportunity to launch…
Read MoreCemex Announces Divestment of Certain UK Assets
One of Cemex’s subsidiaries has signed an agreement for the sale of certain assets in the United Kingdom to Breedon Group, for a total consideration of approximately $235 million, which includes approximately $31 million of debt.
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