Holcim-owned Aggregate Industries says that the acquisition of the Kent-headquartered business will further strengthen its asphalt and surfacing operations, where it is a key player on National Highways and local authority contracts.
OCL was founded in 2006 as a recycled highways construction materials business. It focuses on recycling a selection of materials from highways maintenance and construction projects including aggregates, asphalts, concrete and tar, which otherwise would have to be specially disposed of.
The materials are reprocessed and reused in new highway construction or maintenance projects as low carbon products, resulting in reduced emissions and in support of the circular economy. OCL has six depots situated in Avonmouth, Medway, Hampshire, Lincolnshire, Northumberland and Oxford.
Dragan Maksimovic, CEO of Aggregate Industries UK, said: “OCL Regeneration has made great strides in the reuse of highways planings and the development of low carbon products and solutions.
“This is very much in sync with our own strategy and commitment to achieve our sustainability goals and continue to deliver on our green growth objectives as a business."
He added that the acquisition enhances Aggregate Industries’ position in the UK highways and surfacing market and puts it at the forefront of circular construction supply and delivery.
“We will gain further industry expertise and innovation through the work and product portfolio OCL has developed over the last 16 years," said Masimovic. "It also gives us a further foothold in important geographic locations and aligns with our ambition of being the leading supplier of sustainable construction materials and solutions in the UK.”
Stuart Gready, founder and MD of OCL Regeneration, said being acquired by Aggregate Industries will underpin the health and growth of OCL and the security and development of its teams and services.
He added: “We look forward to optimising our existing client offering, while also having increased support to develop new and exciting innovations in the highway circularity and decarbonisation space.
“Holcim and Aggregate Industries UK have an impressive portfolio of low carbon products and solutions which we are very pleased to become a part of. We will gain access to new opportunities, assets and geographies which align well with our growth strategy.”