IKO Plc has agreed financial terms with shareholders for the acquisition of Pure Asphalt Company Ltd, subject to regulatory clearance. The acquisition of the Bolton-based firm is expected to be completed within 3 months.
IKO group managing director Andy Williamson commented that the acquisition is part of IKO’s continued expansion strategy within the UK construction industry. It is expected to add capacity and employment prospects across the company.
Mazars LLP were appointed as financial due diligence providers for the acquisition, whilst IKO turned to national law firm Weightmans LLP for legal advice.
Paul Raftery, Weightmans corporate partner in Manchester, commented: “It was a pleasure to work with Andy and his team and I have every expectation that Pure Asphalt will prove to be an excellent addition to the IKO group.”
The shareholders of Pure Asphalt Company Ltd were advised by Andy Feeke at CLB Coopers in relation to corporate finance and taxation advice with Nick Gabay at Thompson, Snell & Passmore LLP providing legal advice.
IKO PLC (Head Office),
Appley Lane North,
Bull Products have shared the most common health and safety mistakes made by the construction industry, and more importantly, how they can be avoided.Posted in Articles, Building Industry News, Health & Safety, Posts, Research & Materials Testing, Security and Fire Protection, Site Preparation
Keylite has launched a brand new Specification Tool, with new product ranges included, technical information improved and a more enhanced user experience at its core.Posted in Articles, Building Industry News, Building Products & Structures, Information Technology, Innovations & New Products, Posts, Research & Materials Testing, Roofs, Windows
Up to 6million people in the UK are affected by continence issues, according to latest figures from the NHS – Closomat have stressed the importance of the Changing Places toilet.Posted in Accessibility, Articles, Bathrooms, Bedrooms & Washrooms, Building Industry News, Health & Safety, Interiors, Posts
Aggregate Industries’ contracting division has recently laid 1,800 tonnes of an ultra-low noise asphalt at Brampton Hut Services in Huntingdon, in just one weekend.Posted in Articles, Building Industry News, Building Products & Structures, Case Studies, Civil Engineering, Concrete, Cement, Admixtures, Hard Landscaping & Walkways, Landscaping, Posts, Restoration & Refurbishment, Retrofit & Renovation