SigmaRoc completes acquisition of CRH's UK lime assets

27th Mar 2024 12:27

(Sharecast News) - Lime and limestone specialist SigmaRoc announced the completion of its acquisition of the UK lime operations of CRH on Wednesday, which it first announced on 4 March.

The AIM-traded firm said the acquisition entailed a total consideration of €155m (£133m).

It described the acquired operations as the leading lime products producer in the UK market.

Established in 1891 and headquartered in Buxton, Derbyshire, the business operates from locations in Tunstead and Hindlow, boasting five permitted lime kilns.

In the financial year ended 31 December 2022, it achieved revenue of €105.4m and an operating profit of €19.5m.

The consideration was being satisfied through a drawdown under the SigmaRoc's new facilities.

At 1208 GMT, shares in SigmaRoc were up 1.22% at 66.4p.

Reporting by Josh White for Sharecast.com.