Breedon Group (“Breedon”), the leading vertically-integrated construction materials group in Great Britain and Ireland, is pleased to confirm its entry into the marine aggregates business in Great Britain with the acquisition of Severn Sands Limited (“Severn Sands”).
The addition of Severn Sands, a family run marine dredging business operating in the Bristol Channel area, enhances the operational capability of the business, secures scarce mineral reserves and resources, and ensures their downstream operations in the Gloucestershire and South Wales region are fully vertically integrated.
Generating annual revenue of around £9 million, Severn Sands possesses valuable long-term extraction licences in the Bristol channel and will be immediately accretive to earnings.
