by Kyle Molyneux | Sat 05 Dec 2020
Tillicoultry Quarries to buy 14 Breedon sites
Tillicoultry Quarries Ltd has agreed the purchase of certain assets from Breedon Group plc. The 14 sites include 10 RMX concrete plants in Hartlepool, Stockton, Middlesbrough, Whisby, King’s Lynn, Wisbech, Peterborough, Kidderminster, Costessey, and Snetterton; an asphalt plant and aggregates depot in Ely; two sand and gravel quarries in Collessie and Loanleven; and a cement terminal in Dundee.
Breedon Group plc is divesting these assets at the direction of the Competition and Markets Authority (CMA) in order to address the CMA’s concerns that Breedon Group plc’s purchase of certain assets from Cemex Investments Limited give rise to a realistic prospect of a substantial lessening of competition in certain areas.
Subject to final confirmation by the CMA of its approval of the undertakings offered by Breedon Group plc to address the CMA’s concerns and the approval of Tillicoultry Quarries as a purchaser, the company expects to be in a position to complete the purchase before the year end. The CMA intends shortly to launch a public consultation inviting interested parties to submit their views.
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