(UK) — Aggregate Industries has announced three strategic acquisitions and the creation of a European Joint Venture demonstrating a successful start to 2010 as far as the continued development of the business is concerned.
The company has purchased a majority interest (51%) of the Lytag Group, the sole supplier of Lytag, a lightweight aggregate product, in the UK. It has also acquired 15% of the shares in Ash Solutions, its fly ash business, which were not in its ownership. In addition the company has expanded its Thames based barging business, Alan C Bennett & Sons Limited, as it continues to lead sustainable transport on the Thames Gateway.
Aggregate Industries has also entered the Danish market through the creation of a joint venture import and merchanting business through the aggregate trading company Dansk Natursten, one of the market leaders for imports of hard-rock material into Denmark.
Bill Bolsover, Chief Executive of Aggregate Industries said: “The UK construction industry continues to decline but Aggregate Industries is keen to push forward. Our Joint Venture with Dansk Natursten provides a substantial growth opportunity within the Danish market which has almost no indigenous hard-rock reserves.”
Within the UK market, 2010 will bring many challenges but we recognize that sustainability remains vital to our future performance and growth and continue to invest heavily in this area. Our recent acquisitions strengthen our overall materials position as clients continue to look for sustainable solutions. As modern construction continues to evolve, fly ash and Lytag are increasingly used and specified for a range of products and projects. The efficient movement of goods within London and the wider area is also vital to the UK economy with sustainable transport becoming a key focus. Aggregate Industries is at the forefront of this change.”