Johnston Quarry Group and Guiting Quarry Limited Acquisition
Sector: Raw Materials • Location: England, United Kingdom
Source: Financial Conduct Authority (FCA)
Acquisition of Johnston Quarry Group Limited and Guiting Quarry Limited by SigmaRoc plc for an initial cash consideration of £35.5 million. The business operates eight quarries and two processing sites across South West England, Oxfordshire, and Lincolnshire, producing construction aggregates, building stone, and agricultural lime. The assets include 86 million tonnes of mineral reserves with an a
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Participants
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Status
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Description
Description | Acquisition of Johnston Quarry Group Limited and Guiting Quarry Limited by SigmaRoc plc for an initial cash consideration of £35.5 million. The business operates eight quarries and two processing sites across South West England, Oxfordshire, and Lincolnshire, producing construction aggregates, building stone, and agricultural lime. The assets include 86 million tonnes of mineral reserves with an average life of mine over 40 years. The acquisition is expected to enhance SigmaRoc's earnings and includes assumption of debt and plant hire contracts. Additional potential acquisitions of two further quarries and mineral reserves for £14.5 million are planned between H2 2022 and H2 2024. |
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Original Currency | USD |
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Source
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Data quality score | 100% |
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URL | obfuscated_data,obfuscateddata.com |
More Details
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