The purchase fills an important gap in Breedon Aggregates’ coverage of the East Midlands, located mid-way between its plants at Cloud Hill to the South West and Grantham to the East.
Nottingham is a key centre of economic activity in the region, with a number of major infrastructure and commercial projects currently underway or in the pipeline, including the £600m tram project, which is due to start in 2012.
Nottingham Readymix is the leading supplier of ready-mixed concrete in the city. The company has a fleet of modern delivery vehicles.
Commenting on the acquisition Simon Vivian, Breedon Aggregates’ group chief executive, said: “This is a great business with deep roots in the Nottinghamshire community and we are proud to welcome it as the newest member of the Breedon Aggregates group.
“Our success has been built on giving our customers an outstanding service, delivered locally, promptly and to the highest possible quality. Nottingham Readymix has exactly the same ethos. From a practical point-of-view, nothing will change following this acquisition.”
In the longer-term, Mr Vivian commented, Nottingham Readymix will form Breedon Aggregates’ Nottinghamshire hub, from which the company intends to develop its ready-mixed concrete operations over the next few years.
The team there will work closely with Breedon Aggregates’ flagship quarry at Cloud Hill near Breedon-on-the-Hill, which will supply them with crushed rock.