Andy Williamson, IKO group managing director

IKO Plc agrees terms to purchase Pure Asphalt Company Ltd

  • 27 Apr 2016

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,

Appley Bridge,
Wigan,
WN6 9AB,
United Kingdom

Phone: 01257 255 771
Fax: 01257 252 514
Email: [email protected]
Twitter: @ikoplc

 

Visit IKO's website

Leave a Reply

Latest news

BMI

BMI work sees seven eco-friendly roofs improve health in Hattersley

As part of its own contribution to improving air quality, NHS Property Services chose to replace the roof of the Hattersley Health Centre in Hyde, Greater Manchester, with the help of BMI.

Posted in Articles, Building Industry News, Building Products & Structures, Case Studies, Health & Safety, Posts, Restoration & Refurbishment, Retrofit & Renovation, Roofs, Sustainability & Energy Efficiency

ASSA ABLOY

ASSA ABLOY Project Specification Group stresses importance of safety over cost this Fire Door Safety Week

Project Specification Group, a unit of ASSA ABLOY Opening Solutions UK & Ireland, says the drive to reduce cost must not be allowed to compromise the safety performance of a building, ahead of Fire Door Safety Week.

Posted in Access Control & Door Entry Systems, Articles, Building Industry Events, Building Industry News, Building Products & Structures, Building Regulations & Accreditations, Doors, Exhibitions and Conferences, Health & Safety, Security and Fire Protection, Seminars

Aggreko
Gilberts Blackpool

A breath of fresh air in new airport terminal with Gilberts

How do you ensure a fresh, comfortable environment in an internal space the size of 11 football pitches, which can accommodate the transfer of up to 55 million people a year? Gilberts Blackpool have the answer…

Posted in Air Conditioning, Articles, Building Industry News, Building Services, Case Studies, Heating, Ventilation and Air Conditioning - HVAC, Restoration & Refurbishment, Retrofit & Renovation