Acquisition of Huntsmans Quarries
3 June 2014
Huntsmans operates a substantial limestone quarry and ready-mixed concrete plant at Naunton, between Cheltenham and Chipping Norton, together with a second ready-mixed concrete plant at Evesham in Worcestershire. It owns three further quarries near Naunton which are currently dormant. Naunton has planned mineral reserves of 4 million tonnes and potential further resources of 6 million tonnes. The mineral produced by Huntsmans is a high quality, harder-than-average Cotswold stone.
Commenting on the acquisition Breedon's Chairman, Peter Tom CBE said:
"We see great potential both for the quarry and for the newly refurbished concrete plant at Evesham. This is exactly the kind of acquisition we are always looking for. It builds our regional presence, extends our product range and gives us access to new markets. The Company is continuing to pursue other similar opportunities elsewhere in the UK".
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