Concrete company acquired in impressive deal

Tue, 11 Dec 2018 | BUSINESS SALE



A Wrexham-based concrete products and quarrying company is set to be snapped up by a company headquartered in London in a deal that is estimated to be worth £15.2 million.

CCP Building Products, with trading operations across the North West of England and in northern Wales, will be acquired by its counterpart SigmaRoc.

Accounts show that in the year finishing on 31 August 2018, CCP’s revenues were at £20.9 million and its adjusted EDITDA (earnings before interest, tax, depreciation and amortisation) were £2.6 million.

Although the company will undergo the acquisition process, CCP’s original management team will remain in place to continue with the business.

Executive Chairman of SigmaRoc, David Barrett, said: "We are about to close out a year of significant further development of the group. The acquisitions made in 2017 are performing very well.

"We expect CCP will be an excellent addition to the group, value accretive for shareholders and the right next step overall.”

To finance the acquisition, SigmaRoc raised its credit facility with Santander from £14 million to £34 million, whilst also striking a deal to refinance its “favourable” convertible loan notes.

Further commenting on the acquisition, chief executive officer Max Vermorken said: "Invest, improve, integrate - it is a strategy which is already delivering strong results and will continue to do so. CCP will be a great fit in our journey, immediately accretive and a truly excellent addition to the group.

"CCP's management team will continue to drive its performance and continue the growth of an already very impressive business."

For more news stories about acquisitions, click here. For all our business for sale listings, click here.


Share this article



Latest Businesses for Sale

Construction Contractor
Kent, South East, UK

Main contractor working with an excellent well spread client base. Activities include full design to completion for refurbishments, reactive maintenance and new build design to completion. Range of projects from schools, universities, care homes, hos...

Asking Price: Offers Invited
Turnover: £5,550,000

Drywall Construction Materials Supplier
South East, UK

The company specialises in supplying drywall construction materials including plastering, screeding and external facades for major building firms. Sales are predominately generated via word-of-mouth referrals and recommendations, which is something t...

Asking Price: Offers Invited
Turnover: £2,490,000

Technological Ground Working
UK Wide

A rapidly growing market in UK and Europe. Long standing relationships with competitors and customers. Based in Central England, with contracts nationwide. Offered as a fully relocatable opportunity. Offers invited.

Asking Price: Offers Invited
Turnover: £1,441,000

RELOCATABLE



View more businesses for sale

News Search

Latest News

 
17
 
Jun
 

Sheffield candle retailer enters administration | ADMINISTRATION

A shop retailing candle and gifts in Sheffield has collapsed...

 
15
 
Jun
 

Equity funding reaches record high for SMEs | BUSINESS NEWS

As investment rises outside of the capital, small businesses...

 
14
 
Jun
 

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
22
 
Sep
 

Recruitment outsourcing company acquired in MBO | MBO/MBI

A recruitment outsourcing business based in Knutsford, Chesh...

 
23
 
Jan
 

Monitise business up for sale | BUSINESS SALE

UK mobile payments company Monitise has appointed advisers t...

 
26
 
Mar
 

CPP at risk of administration | ADMINISTRATION

Credit card insurer CPP is under pressure this week to meet ...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources