Aggregate Industries acquire Kendall Group
AI expand operations in south of England and enter marine aggregate dredging sector
AGGREGATE Industries, a member of the LafargeHolcim Group, have acquired Portsmouth-based Kendall Group, a leading manufacturer of aggregates and ready-mixed concrete operating in the south of England, for an undisclosed sum.
The Kendall Group, which includes Kendall Aggregates and Kendall Ready Mixed Concrete, achieved net sales of around £25 million in 2017.
Kendall Aggregates operate marine aggregate wharfs at Portsmouth and Shoreham-By-Sea, and a railhead at Fareham that imports limestone aggregate by rail from Somerset.
Kendall Ready Mixed Concrete consist of five ready-mixed concrete plants located at Portsmouth, Shoreham-By-Sea, Romsey, Alton and Newbury.
The acquisition of Kendall Group will allow Aggregate Industries to expand their operations in the south of England – a region that is expected to benefit from above national average growth, especially in the housing segment.
It will also allow Aggregate Industries to enter the dredging business and secure a long-term position in this attractive market segment.
François Pétry, chief executive officer of Aggregate Industries, commented: ‘The Kendall Group perfectly complements our existing activities, both in the geography of their operations and their product offering.
‘The company has a great track record, employs great people and shares our dedication to providing our customers with high-quality products and services.’
Richard Kendall, director of the Kendall Group, commented: ‘We have always been a family-run business, so it was very important to us to find a company to take over Kendalls that would take care of the both the business and the people we have nurtured for almost 100 years.
‘I believe that we found this in Aggregate Industries and I look forward to watching the Kendall Group continue to flourish under their ownership.’