|
BRCK Group PLC on Monday said it has agreed to buy HS Jackson & Son (Fencing) Ltd, a nearly 80-year-old maker of timber and steel fences, gates and perimeter security systems, as the construction products supplier seeks to diversify further from bricks. Bridgend, Wales-based BRCK, formerly known as Brickability, will buy Ashford, Kent-based Jacksons for an initial £15.0 million. Of this £14.5 million will be in cash and £500,000 in BRCK shares. It will pay an additional £4.9 million for the freehold land and property from which Jacksons operates. BRCK will issue 1.0 million new shares, implying a share price of 48.8 pence each. The stock was trading at 49.50p early Monday in London, down 0.1% on the day, giving the company a £159.5 million market capitalisation. Founded in 1947, Jacksons recorded £4.2 million in earnings before interest, tax, depreciation and amortisation on £40.9 million in revenue in the financial year that ended September 30 last year. BRCK said the acquisition, which it expects to close by the end of June, will be earnings enhancing in the first full year of ownership. An additional up to £11 million in deferred consideration will be paid by BRCK depending on the performance of Jacksons over the next three years. ‘Jacksons is a quality business with a premium positioning and an impressive track record of product development,’ commented BRCK Chief Executive Officer Frank Hanna, adding: ‘The acquisition is in line with our diversification strategy and brings considerable growth opportunities, including an exciting pipeline of potential infrastructure projects.’ Added Peter Jackson, managing director of Jacksons: ‘During three generations as a family firm, we have grown Jacksons to annual sales of more than £40 million. I look forward to driving the next stage of Jacksons’ growth as part of BRCK, which is the ideal custodian for the Jacksons brand owing to a shared commitment to product quality and customers.’ Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
