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SigmaRoc acquires B-Mix Beton, Casters Beton for €13m
StockMarketWire.com
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Construction materials group SigmaRoc said it had acquired B-Mix Beton and Casters Beton for from Groep Janssens for a combined €13 million.
B-Mix, located in Tessenderloo, and Casters, located in Genk, operated four concrete plants, producing around 250,000 cubic meters annually.
The B-Mix business included quayside operations along the Albert Canal, which linked the cities of Antwerp and Liege and the rivers Scheldt and Meuse.
The businesses generated a turnover of €22 million, earnings before interest, tax, depreciation and amortisation of €3.3 million and a net profit of €1.5 million in the year ended 31 December, with net assets of €5.9 million.
Story provided by StockMarketWire.com
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