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

More articles

Glazing Vision rooflight enhances Grade II listed property

An elongated pyramid rooflight by Glazing Vision was recently chosen to provide essential daylight and enhance visual interest in a listed Norfolk dwelling.

Posted in Articles, Building Industry News, Building Products & Structures, Glass, Posts, Roofs, Windows

Saint-Gobain Weber

Can you REALLY spot the difference? Saint-Gobain Weber's traditional brick challenge at UKCW

Saint-Gobain Weber are setting a challenge for thousands of builders attending this year’s UK Construction Week – spot which façade is not made with traditional bricks. 

Posted in Articles, Bricks & Blocks, Building Industry Events, Building Industry News, Building Products & Structures, Competitions, Exhibitions and Conferences, Posts

ASSA ABLOY

Advantage CLIQ®: key access control where the power is already in your pocket

In a world where many electronic access systems offer greater convenience and flexibility than mechanical keys, what can really make the difference? ASSA ABLOY has the answer…

Posted in Access Control & Door Entry Systems, Articles, Building Industry News, Health & Safety, Information Technology, Posts, Security and Fire Protection

T Cards

T Cards management systems demonstrated at Construction Week/Build Tech Expo

The proven and well established T CARDS DIRECT task management system will be showcased at the UK Construction Week/Build Tech Expo – 8 to 10 October at the NEC, Stand BT645. 

Posted in Articles, Building Industry Events, Building Industry News, Exhibitions and Conferences, Facility Management & Building Services, Information Technology, Innovations & New Products, Posts