Thu, 20 Nov 2025 | BUSINESS SALE
Leicestershire-headquartered building materials firm Holcim UK has acquired a group of building materials companies with nine sites across the east of England. P.J. Thory Limited, Gemmix Limited and Pro Minimix Limited operate sand, gravel and limestone quarries, readymix concrete plants and a recycling centre processing secondary aggregate.
The group, which is headquartered in Coates, near Peterborough, has sites spanning much of the east of England, including in Peterborough, Northampton, St Ives, Ely, Barnwell, Market Harborough and Wellingborough. The acquisition complements Holcim UK’s existing offering in the East Midlands, with Chief Executive Lee Sleight describing the deal as “a major acquisition which gives us much greater coverage in the East of England”.
Sleight continued: "Not only does it align with our ongoing wider growth strategy, it increases our Readymix Concrete footprint, provides vital sand and gravel mineral reserves and bolsters our recycling offering as part of an ongoing drive to increase our circular construction materials."
James Thory, Managing Director of TJ Thory Holdings, which owned the acquired businesses, said: "We’re really looking forward to taking the business forward with Holcim UK and harnessing its expertise and networks. It is really beneficial to be part of a leading UK and global company which has a clearly articulated vision for circularity and sustainability."
In accounts for the year to March 31 2024, P.J. Thory Limited reported turnover of around £22.3 million, down from approximately £24 million a year earlier, while operating profits dipped from £776,000 to around £708,000. Neither Gemmix Limited nor Pro Minimix Limited report revenue figures in their annual accounts.
In the year to December 31 2024, Holcim UK Limited reported turnover of £1.4 billion, down from close to £1.5 billion the previous year, while operating EBITDA fell by 19 per cent from approximately £190 million to around £153 million.
In their business review accompanying these accounts, the company’s directors cited the challenging construction market, bad weather conditions (particularly in Q1 2024) and higher commodity costs as contributing factors to Holcim UK’s reduced performance.
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