Breedon Aggregates Limited is the largest independent aggregates business in the UK after the global majors. We operate 52 quarries, 27 asphalt plants, 61 ready-mixed concrete & mortar plants and three concrete block plants in England, Wales and Scotland, employing more than 1,250 people.
The group has strong asset backing, with around 400 million tonnes of mineral reserves and resources in the UK.

Breedon Aggregates’ strategy is to continue growing through consolidation of the UK heavyside building materials sector.

We have two fully-integrated autonomous businesses, in England and Scotland, each with its own management team.

Breedon Aggregates England

Our English operations are headquartered at Breedon-on-the-Hill near East Midlands airport and employ around 450 people. Breedon Aggregates England operates 13 quarries, 7 asphalt plants and 18 ready-mixed concrete and mortar plants, serving the East & West Midlands and East Anglia, north Wales, Greater Manchester and South Yorkshire.

Our English contracting services business undertakes minor road surfacing projects as well as major infrastructure contracts, serving an area from the east coast to mid-Wales and from the M62 corridor to the South Midlands.

Breedon Aggregates Scotland

Our Scottish operations are headquartered in Dundee and employ around 550 people. Breedon Aggregates Scotland operates 24 quarries, 15 asphalt plants, 30 ready-mixed concrete plants and two concrete block plants, primarily supplying the north, west and east of Scotland including the Hebrides.

We own a 37.5% stake in BEAR Scotland, which manages the north-east, north-west and south-east trunk road networks on behalf of Transport Scotland, and also own a majority stake in traffic management services company Alba Traffic Management, the leading provider of traffic management solutions throughout Scotland.

Mobile Concrete Solutions (MCS), our joint venture with specialist construction services company TSL, offers on-site concrete batching services anywhere in the country, specialising in wind farms, hydro-electric projects, power grids and plans and offshore energy - often in extremely remote locations.




http://www.breedonaggregates.com/

Shares - A forward price/earnings ratio for next year of 24.5 times looks aggressive, given the historic volatility of the construction industry and integration risk associated with acquisitions.

Nice chart. Shame it's so thinly traded.

Final Results

Highlights

· EBITDA margin up full percentage point to 12.6%

· Strong performances in both England and Scotland

· Sales volumes in all products significantly ahead of prior year

· Capital expenditure substantially increased to £13.3m (2012: £8.5m)

· Two transformational acquisitions completed, funded by £61m placing

· Very strong balance sheet: gearing more than halved to 37%

· New Group Finance Director appointed and assumed role on 3 March 2014

· Business positioned for organic and acquisitive growth


http://www.moneyam.com/action/news/showArticle?id=4766029

A good day for Breeden, moving with the upturn in housing.

Breedon expands at Clearwell

RNS


RNS Number : 9643D

Breedon Aggregates Ld

04 April 2014








News release



4 April 2014

Breedon expands at Clearwell

with acquisition of ready-mix plant from Aggregate Industries



Breedon Aggregates, the UK's largest independent aggregates business, has expanded its operations at Clearwell quarry near Lydney in Gloucestershire with the acquisition from Aggregate Industries of the ready-mixed concrete plant on the site.



Clearwell was one of four quarries acquired from Marshalls PLC in April last year. It is one of the largest limestone quarries in the region and serves a wide range of customers in Gloucestershire and Monmouthshire.



The acquisition of Aggregate Industries' concrete plant and its associated ready-mix trucks, which have operated on the site for a number of years, will significantly expand Breedon's market opportunity in the region. In addition to providing a new added-value outlet for Clearwell's washed limestone sand, it will also enable the company for the first time to service the industrial, commercial and housing markets in and around the Forest of Dean.



Tim Hall, chief executive of Breedon Aggregates England, said: "It's great to be open for business in ready-mix in Gloucestershire. This is our first plant in the west of England and our customers can look forward to the same outstanding local service that we offer from every one of our other 50 ready-mix businesses around the UK."

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The massive merger announcement from Holcim and Lafarge may have an unexpected beneficiary – in the form of Breedon Aggregates. The competition authorities in the UK are expected to approve the merger between those two European rivals, while at the same forcing them to let go of some assets. One possible unit that might come free is a cement works in Staffordshire. Breedon is a consolidator, snapping up assets on the cheap. The purchase of that unit would give the company its first entry into cement, allowing it to produce the full range of building materials, The Times Tempus writes.

Other units might also break free, too. Simultaneously, the British outfit stands to gain from the disruption which the deal might create for its rivals’ operations in the UK. The reaction in the stock’s price has been muted, perhaps due to the fact that they are trading at a sky-high multiple, “but, as I have suggested before, this is one for the patient investor”, Tempus adds.

Competition & Markets Authority Review

RNS


RNS Number : 3784E

Breedon Aggregates Ld

09 April 2014








News release



9 April 2014

BREEDON AGGREGATES LIMITED

("Breedon" or the "Company")



Conclusion of Competition Authority's Review of Scottish Acquisition

Breedon notes the publication today of the Competition & Markets Authority's (CMA) final report on its investigation into the Company's acquisition of Aggregate Industries' (AI) business in northern Scotland. The report confirms the CMA's provisional findings, published on 6 February 2014, which require Breedon to dispose of a ready-mixed concrete plant in the Peterhead area and an asphalt plant in the Aberdeen area, and to give undertakings in respect of its asphalt plants in the Inverness area.

The Company will now work with the CMA to finalise the terms of these divestments and undertakings within 12 weeks. Breedon has every intention of reaching agreement with the CMA as quickly as possible, in order that it can expedite the sale of the assets concerned and proceed with the full integration of the former AI businesses.

Further announcements will be made in due course.

The Company will update the market on current trading in its AGM statement on 17 April 2014 and will release its interim results for the 6 months ending 30 June 2014 on Thursday 17 July 2014.

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Breedon acquires Huntsman's Quarries

StockMarketWire.com

Breedon Aggregates, the UK's largest independent aggregates business, has acquired Huntsman's Quarries, a long-established aggregates company based in the North Cotswolds, for £15m in cash. Huntsmans operates a substantial limestone quarry and ready-mixed concrete plant at Naunton, between Cheltenham and Chipping Norton, together with a second ready-mixed concrete plant at Evesham in Worcestershire and a fleet of 20 haulage and mixer trucks.

It owns three further quarries near Naunton which are currently dormant. In 2013 the business sold over 300,000 tonnes of aggregates and generated sales of approximately £8m with EBITDA of approximately £2m.

Breedon says the business has performed well in 2014 with year-on-year revenues ahead in the first quarter. In total, Naunton has planned mineral reserves of 4 million tonnes and potential further resources of 6 million tonnes. The mineral produced by Huntsmans is a high quality, harder-than-average Cotswold stone which is ideal for natural walling and is also particularly suitable for Type 1 sub-base and ready-mixed concrete. In addition, the business supplies natural roofing slate, decorative blocks, agricultural lime and blue clay. Breedon says the acquisition gives the company access to the affluent and buoyant Cotswolds market, together with a new presence in the north Worcestershire concrete market. The consideration will be settled in cash from the company's existing resources and Breedon will also assume Huntsmans' debt of up to £2m.



Story provided by StockMarketWire.com

2 Jun Numis 58.00 Buy

Half Yearly Report


Highlights

· Trading strongly ahead of comparable period in the prior year

· Volumes ahead in all key product groups

· Underlying EBITDA margin up over one percentage point to 14.2%

· Organic investment generating improved operational performance

· Mineral reserves enhanced with further extensions

· Agreement reached with the Competition & Markets Authority, paving way for integration of former Aggregate Industries businesses

· Successful bolt-on acquisition of Huntsmans

· Refinancing completed post-period-end


http://www.moneyam.com/action/news/showArticle?id=4850606

Director Deals - Breedon Aggregates (BREE)

BFN

Peter Tom, Chairman, bought 350,000 shares in the company on the 17th July 2014 at a price of 39.00p. The Director now holds 48,291,867 shares.

Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com

Director Deals - Breedon Aggregates (BREE)

BFN

Simon Vivian, Chief Executive Officer, bought 250,000 shares in the company on the 17th July 2014 at a price of 39.00p. The Director now holds 16,524,371 shares.

Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com

Director Deals - Breedon Aggregates (BREE)

BFN

David Warr, Non Executive Director, bought 500,000 shares in the company on the 17th July 2014 at a price of 39.00p. The Director now holds 5,555,556 shares.

Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com

1 Aug Berenberg 50.00 Buy

Re Joint Venture

RNS


RNS Number : 6775Q

Breedon Aggregates Ld

03 September 2014






News release



3 September 2014



BREEDON AGGREGATES LIMITED

("Breedon Aggregates" or the "Group")



Breedon expands into mid-Wales

through joint venture with H V Bowen & Sons



Breedon Aggregates, the UK's largest independent aggregates business, has acquired a 50 per cent interest in H V Bowen & Sons (Holdings) Limited, the owner and operator of Tan-y-Foel quarry near Welshpool. The investment has been funded in cash from the Group's own resources.



The quarry will provide Breedon with an interest in approximately 3.4 million tonnes of strategically important high 'polished stone value' (PSV) aggregates. Sources of high (+68) PSV aggregates are very scarce and Tan-y-Foel has some of the highest quality reserves in the country. High PSV stone has a high skid resistance and is therefore in great demand for surfacing roads with heavy traffic flows. H V Bowen also operates a ready-mixed concrete plant.



The business will continue to trade as H V Bowen and will be jointly managed by Breedon Aggregates England Limited and the Bowen family, who have owned and operated the quarry for more than 70 years.



Breedon already owns a sand and gravel quarry near Mold in North Wales and the joint venture with H V Bowen expands the company's operations into mid-Wales for the first time.



Commenting on the investment Tim Hall, chief executive of Breedon Aggregates England, said: "We're pleased to have secured access to some of the highest quality PSV stone in the country, which will provide a ready supply of this key aggregate to our asphalt plants. It will also enable us to extend our reach into an important new market for aggregates and readymix."



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Acquisition

RNS


RNS Number : 8138T

Breedon Aggregates Ld

09 October 2014






9 October 2014

BREEDON AGGREGATES LIMITED

("Breedon Aggregates" or the "Group")



Breedon to expand into south-west Scotland

with planned £21m acquisition of Barr Quarries Ltd



Breedon Aggregates, the UK's largest independent aggregates business, has agreed terms with Barr Holdings Limited to acquire Barr Quarries Limited ("Barr Quarries"), the market-leader in aggregates in south-west Scotland, for £20.8 million in cash. Completion is expected by the end of this month and remains subject to TUPE consultations and final due diligence.



Barr Quarries employs approximately 130 people and is headquartered near Cumnock, 35 miles south of Glasgow. It operates 11 quarries, five asphalt plants and six ready-mixed concrete plants extending from Dalry in the north to Stranraer in the south and east to Moffat. It has approximately 57 million tonnes of mineral reserves and resources, enough to last approximately 70 years at current rates of extraction. It also operates a successful contract surfacing business.



In the year to 31 December 2013 Barr Quarries generated sales of £25.5 million with an underlying EBITDA of £2.7 million. The business has performed well in 2014, with year-on-year sales ahead in the first half.



The Board believes that Barr Quarries will be an excellent fit for Breedon. It is fully integrated and will give the Group a fifth self-contained region in Scotland.



Commenting on the planned acquisition Peter Tom CBE, Breedon's chairman, said: "Scotland has played a vital part in Breedon's success and we have made significant investments there over the past four years. With the uncertainties surrounding the independence issue now behind us, we believe our prospects north of the border have never been brighter and we can look ahead with renewed confidence. Our acquisition of Barr Quarries is a clear demonstration of our long-term commitment to this important market.



"Barr Quarries represents a great opportunity to secure some rare assets in a brand-new region, which perfectly complements our existing operations in Scotland. It's an excellent business with a fine heritage, and great people - all of whom we look forward to welcoming to the Breedon family."



Philip Cheevers, Chairman of Barr Holdings Ltd, said: "I am pleased with the sale of our Quarry interests to Breedon. This will give the quarry business the opportunity to further grow and develop under the umbrella of a major aggregates company and we wish them every success.



"At Barr we will continue to focus on our core Construction business which is performing well and on our Environmental business which has made significant progress over the last few years and is trading very strongly."



A further announcement will be made on completion of the acquisition of Barr Quarries.



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10 Oct Numis 58.00 Buy

Breedon expands asphalt capacity

RNS


RNS Number : 1793U

Breedon Aggregates Ld

14 October 2014








News release



14 October 2014



Breedon expands asphalt capacity

with acquisition of two new plants





Breedon Aggregates, the UK's largest independent aggregates business, has extended its reach into Suffolk and Essex with the acquisition of asphalt plants at Cavenham near Bury St Edmunds and Wivenhoe near Colchester.



The Cavenham plant is located in a sand and gravel quarry owned and operated by Allen Newport, with a capacity of approximately 200 tonnes per hour. The Wivenhoe plant is located in a quarry owned and operated by Lafarge Tarmac and is rated at approximately 120 tonnes per hour. Both plants were previously owned by Hope Construction Materials.



Commenting on the purchases Tim Hall, chief executive of Breedon Aggregates England, said: "These acquisitions will enable us to service a new community of customers in Essex and Suffolk and provide additional outlets for our aggregates.



"We now have a network of nine asphalt plants throughout central England, stretching from Leominster in the west to Norwich in the east."

Completion of Acquisition

RNS


RNS Number : 9027V

Breedon Aggregates Ld

03 November 2014








News release

3 November 2014





BREEDON AGGREGATES LIMITED

("Breedon Aggregates" or the "Group")



Completion of acquisition of Barr Quarries



Following the announcement on 9 October of Breedon Aggregates' conditional agreement with Barr Holdings Limited to purchase Barr Quarries Limited, the Group confirms that, following the conclusion of TUPE consultations and final due diligence, the acquisition has now been completed.



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Sale of Doseley deveopment site for ?11m

RNS


RNS Number : 8834W

Breedon Aggregates Ld

13 November 2014








13 November 2014

Breedon Aggregates Limited

("Breedon Aggregates" or "Breedon")



Sale of Doseley development site for £11m



Breedon Aggregates, the UK's largest independent aggregates business, has completed the sale of a 60-acre site at Doseley, near Telford in Shropshire, to BDW Trading Limited (a subsidiary of Barratt Developments Plc) for £11.0 million.



The land is on the site of a former concrete products plant and has outline planning consent for 460 homes, which will be built and marketed under the David Wilson Homes brand.



Breedon will receive phased cash payments over four years commencing in 2014.



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