Aggregate Industries has announced the acquisition of Besblock, a supplier of precast materials to the construction industry in central England.
Holcim-owned Aggregates Industries says the acquisition of Telford, Shropshire-based Besblock will enable it to expand upon its existing products with the introduction of a range of technically niche and sustainable building blocks and enable closer working relationships with large and medium-sized housebuilders across the Midlands.
It adds that the acquisition – the value of which was not disclosed – will also provide further growth opportunities outside of the region.
Besblock currently produces around 1.7 million m² building blocks per year through its two manufacturing facilities in Telford, equating to approximately 250kT. Its products include the Star Performer block, a sustainable and multi-purpose on-site solution with recycled aggregates and 24% less material than a solid block. Aggregates Industries says the Besblock business has strong sustainability credentials, with its fleet of lorries one of the most efficient in the country and with the recent installation of a new 1.65MW biomass boiler and renewable energy system, which will see the business become carbon neutral when operational.
Dragan Maksimovic, CEO of Aggregate Industries UK, said: “The acquisition of Besblock Ltd is an important milestone in our journey as we strive to become the UK’s leading supplier of sustainable construction materials and solutions. Besblock has invested heavily in sustainability in recent years, and its market-leading product range has strong synergies with our own. We’re delighted to be able to enhance our products and capabilities with the acquisition of this progressive and market-leading business.”
Andrew Huxley, managing director at Besblock, added: “We’re incredibly proud of what we have achieved as a business in the last 50 years, particularly of the investments we have made in sustainable solutions, both in products and practices. We’re excited to continue to expand the business and continue our sustainability journey with the support of Aggregate Industries.”
