REG - Breedon Group PLC - Completion of Acquisition

BreedonAnnouncement

07/03/2024 07:00

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RNS Number : 9075F  Breedon Group PLC  07 March 2024

7 March 2024

 

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BREEDON GROUP PLC

 

Completion of Acquisition of BMC Enterprises Inc

 

Further to the announcement of 6 March 2024, Breedon Group plc ("Breedon" or
the "Group"), a leading vertically-integrated construction materials group in
Great Britain and Ireland, announces the completion of the acquisition of BMC
Enterprises Inc.

 

 

 ENQUIRIES
 Breedon Group plc                                +44 (0) 1332 694010
 Rob Wood, Chief Executive Officer

 James Brotherton, Chief Financial Officer
 Louise Turner-Smith, Head of Investor Relations  +44 (0) 7860 911909
 Moelis (Financial adviser to Breedon)             +44 (0) 20 7634 3500
 Mark Aedy, Chris Raff, Andrew Welby

 MHP (Public relations adviser)                   +44 (0) 20 3128 8193
 Reg Hoare, Rachel Farrington, Charles Hirst      breedon@mhpgroup.com

 

About Breedon Group plc

Breedon Group plc, a leading vertically-integrated construction materials
group in Great Britain, Ireland and the USA, delivers essential products to
the construction sector. Breedon holds c.1.4bn tonnes of mineral reserves and
resources with long reserve life, supplying value-added products and services,
including specialty materials, surfacing and highway maintenance operations,
to a broad range of customers through its extensive local network of quarries,
ready-mixed concrete and asphalt plants.

 

The Group's two well-invested cement plants are actively engaged in a number
of carbon reduction practices, which include utilising alternative raw
materials and lower carbon fuels. Breedon's 4,450 colleagues embody our
commitment to 'Make a Material Difference' as the Group continues to execute
its strategy to create sustainable value for all stakeholders, delivering
growth through organic improvement and acquisition in the heavyside
construction materials market. Breedon shares (BREE) are traded on the Main
Market of the London Stock Exchange and are a constituent of the FTSE 250
index.

Moelis and Company UK LLP ("Moelis") is acting as exclusive financial advisor
to Breedon Group plc in relation to the acquisition of BMC and no-one else and
will not be responsible to anyone other than Breedon Group plc for providing
the protections offered to clients of Moelis or for providing advice in
relation to the acquisition of BMC.

 

This announcement may include statements that are, or may be deemed to be,
"forward-looking statements" (including words such as "believe", "expect",
"estimate", "intend", "anticipate" and words of similar meaning). By their
nature, forward-looking statements involve risk and uncertainty since they
relate to future events and circumstances, and actual results may, and often
do, differ materially from any forward-looking statements. Any forward-looking
statements in this announcement reflect management's view with respect to
future events as at the date of this announcement. Save as required by
applicable law, Breedon undertakes no obligation to revise any forward-looking
statements in this announcement, whether following any change in its
expectations or to reflect events or circumstances after the date of this
announcement.

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