Breedon Group acquires Booth Precast Products Limited

Breedon Group has completed the acquisition of Booth Precast Products Limited, a regional quarrying and concrete business in County Laois, Ireland. The acquisition price remains undisclosed. This strategic move is expected to fortify Breedon's presence in the Irish construction market by integrating Booth's well-regarded operations into its existing business.

Booth Precast, established in 1993, operates three sites in County Laois and is recognized as one of Ireland's significant producers of concrete products. The acquisition supports Breedon's broader objective to enhance its vertical integration and to secure additional mineral reserves crucial for servicing the expanding Dublin market. Breedon's existing portfolio in Ireland includes ten active quarries, underscoring its commitment to scaling its capacity in the region since entering the market in 2018. With the completion of this transaction, 32 Booth employees will join Breedon's team.

Declan Carr, CEO of Breedon Ireland, emphasized the strategic benefits of the acquisition. He noted Booth's solid reputation and its established customer base in the Irish construction sector, which are expected to bolster Breedon's local operations. This deal aligns with Breedon's growth agenda, aiming for synergies through Booth's market reach and expertise.

The acquisition has been cleared by the Irish Competition Authority, confirming it would not adversely affect market competition. This clearance was a pivotal step, given Breedon's intent to deploy additional resources to support infrastructure projects, a sector acknowledged for its reliance on the reliable supply of construction materials. This acquisition adds to Breedon's expanding footprint and product offering amid a competitive landscape fueled by ongoing demand for construction materials.

Looking forward, Breedon anticipates profitable growth driven by this and other strategic acquisitions, notwithstanding a recent dip in profitability attributed to project delays and softer demand in Ireland and the UK. The company has expressed optimism about stabilizing and enhancing financial performance, buoyed by a robust order book and continued governmental infrastructure investments. The integration with Booth is projected to play a significant role in that trajectory as Breedon seeks to maximize operational efficiencies.