7 March 2024
NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART,
DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO
DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION.
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
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Breedon Group plc
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+44 (0)
1332 694010
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Rob Wood, Chief Executive
Officer
James Brotherton, Chief Financial
Officer
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Louise Turner-Smith, Head of
Investor Relations
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+44 (0)
7860 911909
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Moelis (Financial adviser to Breedon)
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+44
(0) 20 7634 3500
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Mark Aedy, Chris Raff, Andrew
Welby
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MHP
(Public relations adviser)
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+44 (0) 20
3128 8193
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Reg Hoare, Rachel Farrington,
Charles Hirst
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breedon@mhpgroup.com
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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.