Marshalls to sell quarries to Breedon Aggregates

Thu, 11 Apr 2013 | BUSINESS SALE

Marshalls has confirmed that it has plans to sell four of its quarries to Breedon Aggregates England.

The deal is expected to be completed early next month and the profits from the sale are due to be invested to reduce the firm's debts and borrowings in order to strengthen its balance sheet.

The four quarries included in the sale are Astley Moss in Greater Manchester; Mold in South Wales; Clearwell in Gloucestershire and the sand and gravel quarries owned by the firm in Dunsville.

Graham Holden, chief executive of Marshalls, explained that the quarries, which supply aggregate materials to the construction sector, are “non-core activities” for the seller.

Mr Holden commented: “Marshalls has been a niche player in the UK aggregates market for a number of years and, while the business is profitable, it remains ancillary to the core operations where our growth focus lies.”

The buyer, part of Breedon Aggregates, has announced that it has already conditionally raised £61 million through a share placing. The Marshalls quarries are expected to sell for a final consideration of up to £19 million; leaving Breedon with extra reserves to pursue further acquisitions.

Marshalls started to accrue debts last year after the prolonged period of poor economic growth and weak activity in the construction sector finally took its toll. A restructuring charge of £21.5 million also conspired to push the firm into the red and Marshalls posted a pre-tax loss in 2012 of £11.2 million, compared to a profit of £13.7 million that it recorded in the year before.

Related articles:
Read more about buying a business

Share this article

Latest Businesses for Sale

Outsourced HR Solutions for SMEs
UK Wide

This is an opportunity to acquire a full-service HR consultancy. Built upon a recurring revenue model the business has enjoyed sustained growth, offers significant opportunities to scale and a strong ROI model. Offers invited.

Asking Price: Offers Invited
Turnover: £600,000

Builders Merchant: Hard Landscaping Specialist
Cheshire, North West, UK

In its second generation, this business has supplied hard landscape materials, fencing and other building materials to the trade and individuals for over 40 years. Whether you're re-laying a small path or creating a jaw dropping driveway, this busine...

Asking Price: Offers Invited
Turnover: £683,000


Three Branded Fast Food Outlets
Northern Ireland, Northern Ireland, UK

Assets and goodwill of 3 national fast food outlets of a well-known brand. (May be sold in totality or in lots to suit). Opportunity for purchaser to acquire 3 profitable fast food outlet businesses which will require minimal training upon handover a...

Asking Price: £240,000
Turnover: £701,979


View more businesses for sale

News Search

Latest News


Administrators called in for energy technology firm Faraday Grid | ADMINISTRATION

Faraday Grid, an Edinburgh-headquartered energy transformer ...


Welsh technology firm plunges into administration | ADMINISTRATION

Thought to be one of the country’s leading ICT supplie...


Solicitors Title LLP buys Somerset law firm in pre-pack administration | ADMINISTRATION

Somerset-based law firm, Broomhead & Saul LLP, has been save...

Free guide: 10 Biggest Buyer Mistakes

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


Related News


CMA intervenes after Breedon Aggregates buys rival business | BUSINESS SALE

Building materials firm Breedon Aggregates has agreed to buy...


Rouse Readimix takeover proves successful | BUSINESS SALE

The takeover of Rouse Readimix by Breedon Aggregates in 2011...

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