Asphalt acquisitions for Aggregate Industries
01 July 2001 - 02:00
"AGGREGATE Industries have strengthened their position in the UK highway surfacing market with two recent acquisitions in the South-East and north of England. In May the company announced the acquisition of Granville-Steel Contracting plc, an independent asphalt materials and contracting services business based near Hertford with an operations centre at St. Neots in Cambridgeshire."
"Granville-Steel's Hertford site, which is capable of delivering modern high-performance asphalt products 24h a day, seven days a week, will add to Aggregate Industries' strategic supply network, joining their existing depots in Luton and Hoddesdon which already provide a round-the-clock service."
"The acquisition specifically strengthens Aggregate Industries' ability to provide asphalt products and contracting resources to the Highways Agency and local authority road construction and long-term maintenance contracts, including the Highways Agency's Area 7 Super Agency term contract, on which Aggregate Industries are part of the BLN Routecare consortium providing highway maintenance services."
"Granville-Steel's chief executive, Noel Steel, will remain as a non-executive director for the next two years to assist with the transition."
"In June Aggregate Industries announced the acquisition of North Yorkshire asphalt contractors Blacktop Ltd in a move which significantly increases their ability to deliver asphalt products and services to customers in the north of England. Already supplying conventional and specialist asphalt products from five major plants in Yorkshire and Lancashire, the acquisition of the Settle-based firm will strengthen Aggregate Industries position in the private, commercial and local authority sectors in particular."
"Described as an ‘excellent fit’ with Aggregate Industries' existing operations in the region, Blacktop will continue to operate under their existing name and Garry Chapman will continue as general manager, retaining the firm’s links with local clients."
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