Readymix chalks up two acquisitions

ISEQ-listed building company Readymix said today that it has completed two acquisitions since the beginning of 2004.

The company has completed the purchase of the assets and business of Hillstreet Quarry based at Hillstreet, Carrick-on-Shannon.

The quarry is involved in the production of stone, road-making materials and agricultural lime in the midlands and western regions. Readymix said all products and services will be maintained from Hillstreet Quarry and all employees are continuing with the new owners.

The company also announced that Finlay Breton (Ireland) Limited, a subsidiary of Readymix plc, has acquired Precast Products Limited, a Waterford based precast concrete company servicing the Irish and UK markets.

Readymix said in a statement: "This acquisition, which follows the acquisition of Breton last year, will expand the range of pre-cast products being supplied by the Readymix Group and meets a growing market trend towards off-site manufacture of major concrete components."