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,
Hush Acoustics make the argument, in this article, that the COVID-19 pandemic has made us rethink whether our homes are fit for purpose…Posted in Acoustics, Noise & Vibration Control, Articles, Building Industry News, Building Products & Structures, Building Services, Ceilings, Floors, Interior Design & Construction, Interiors, news, Restoration & Refurbishment, Retrofit & Renovation, Walls
REHAU has announced the extension of an exclusive stormwater management deal with Hydro International for the UK and Ireland.Posted in Articles, Building Industry News, Building Products & Structures, Building Regulations & Accreditations, Building Services, Drainage Services, Drainage, Guttering, Soffits & Fascias, Posts
Sandtex Trade’s X-Treme X-Posure® masonry paint has helped transform a 100-year-old warehouse into both an atmospheric furniture store and a cosy new coffee shop.Posted in Articles, Building Industry News, Building Products & Structures, Case Studies, Damp & Waterproofing, Interior Design & Construction, Interiors, Paints, Paints, Coatings & Finishes, Restoration & Refurbishment, Retrofit & Renovation
The choice of Gilberts ventilation diffusers has played a part in the architectural aesthetics for a landmark office development in Manchester.Posted in Air Conditioning, Articles, Building Industry News, Building Products & Structures, Building Services, Case Studies, Heating, Ventilation and Air Conditioning - HVAC, Restoration & Refurbishment, Retrofit & Renovation