Manufacturer builds business with £31m brickworks acquisition
Barnsley brick manufacturer Carlton Main Brickworks has been acquired in a £31.2m deal.
Michelmersh Brick has bought the business, which operates from a 93-acre site brickwork based in Barnsley.
The business is being acquired for a gross consideration of up to £38.4m, which includes the cash balances of the business at completion, being £7.2m - giving the business a net consideration of £31.2m.
The acquisitions will grow Michelmersh’s output by 40% to more than 100m bricks per year.
In the year to March 2016, Carlton... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
