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Published on Nov 30, 2016
Construction
materials firm Breedon Group plc (LON:BREE) continues its growth story
with the acquisition of Sherburn Minerals Group for up to £15.7mln and
reported strong trading in the last ten months.
The Share Centre's Helal Miah tells Proactive: ''The results are very encouraging overall. They have mentioned in the past they want to expand their geographical footprint within the UK so the acquisition of Hope a little while ago has gone very well and they expect the cost synergies to come through a lot faster than expected''.
''Just today they've announced the acquisition of Sherburn Minerals .. so again it gives them more of a foothold in the north of England and parts of Scotland.
Miah adds: ''The reason why we like this is because it's funded from existing resources so there's no need to raise additional funds''.
The Share Centre's Helal Miah tells Proactive: ''The results are very encouraging overall. They have mentioned in the past they want to expand their geographical footprint within the UK so the acquisition of Hope a little while ago has gone very well and they expect the cost synergies to come through a lot faster than expected''.
''Just today they've announced the acquisition of Sherburn Minerals .. so again it gives them more of a foothold in the north of England and parts of Scotland.
Miah adds: ''The reason why we like this is because it's funded from existing resources so there's no need to raise additional funds''.
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