Builders Merchants Journal – BMJ Publishing to Builders Merchants and the UK merchanting industry for more than 95 years
Construction materials distributor BRCK Group PLC, has entered into a binding agreement to acquire 100% of the issued share capital of H.S. Jackson & Son fencing
Jacksons, headquartered in Ashford, Kent, is a designer, manufacturer and installer of timber and steel fencing, gates and security systems.
The Initial Consideration of £15.0 million will be split between £14.5 million payable in cash and £0.5 million to be satisfied by the issue of 1,024,414 new ordinary shares in the capital of the Company
The Acquisition, which is expected to be earnings enhancing in the first full year post completion, marks another step in the continued delivery of the Group’s diversification strategy to further expand the Group’s breadth of products and services and its growth opportunities.
Frank Hanna, chief executive officer of BRCK, said: “Jacksons is a quality business with a premium positioning and an impressive track record of product development. It benefits from a broad customer base and product offering across a range of markets including major government infrastructure projects. The acquisition is in line with our diversification strategy and brings considerable growth opportunities, including an exciting pipeline of potential infrastructure projects. I welcome the Jacksons team to the BRCK Group.”
