Breedon Group
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| Traded as | : |
|---|---|
| Industry | Construction & Materials |
| Founded | 1996 (as Ennstone plc) |
| Headquarters | Breedon On The Hill, Leicestershire |
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Number of locations
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250 |
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Area served
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United Kingdom |
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Key people
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| Products | Aggregates, asphalt, ready-mixed concrete, surfacing and contracting, cement |
| Brands | Breedon Golden Amber Gravel, Breedon Fyfestone, 1stMix, Hope Cement |
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Production output
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11.4 million tonnes of aggregates, 1.9 million tonnes of asphalt and 1.9 million cubic metres of concrete (2016) |
| Revenue | £454.7m (2016) |
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Number of employees
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2350 (2017) |
| Divisions |
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| Website | www |
Breedon Group plc (formerly Ennstone plc) is an AIM-listed British construction materials company headquartered at Breedon on the Hill, Leicestershire, England. In 2016 Breedon became the UK’s largest independent construction materials firm following its acquisition of Hope Construction Materials. Breedon has around 2350 employees and operates from around 250 sites. The business turned over £454.7m in the year to December 2016, with a market capitalisation of more than £1bn. Breedon Group produces cement, construction aggregates, asphalt, ready-mixed concrete and other construction materials.
The company was founded in 2008 by Peter Tom, the chairman of the Leicester Tigers rugby club, and Simon Vivian. Non-executive directors include Amit Bhatia, son-in-law of Lakshmi Mittal, the billionaire steel magnate. Mittal became a Breedon shareholder following the Hope acquisition, alongside the Lebanese Mikati family.
Breedon’s HQ is located in the village and parish of Breedon on the Hill, where stone has been quarried since the late 1800s. In 2000, Breedon and its Breedon Hill and Cloud Hill quarries were acquired by Ennstone, a Midlands-based aggregates group. The Ennstone businesses were acquired by Breedon Aggregates Limited in 2010. These acquisitions took place under Breedon’s executive chairman, Peter Tom, and then CEO Simon Vivian, who stepped down in 2015. Their strategy was to grow the company via the acquisition of small, often family-owned operations, in an industry generally regarded as having high barriers to entry.
The noted investor Neil Woodford took an early stake in Breedon via Invesco and bought further stakes in subsequent Woodford-managed funds.
In 2016 the company was renamed Breedon Group after completing its £336m acquisition of Hope Construction Materials.
Breedon Group is divided into three autonomous businesses: Breedon Southern Limited, Breedon Northern Limited and Hope Cement Limited. Breedon Southern and Northern are vertically-integrated aggregates businesses, operating quarries, ready-mixed concrete and asphalt plants and surfacing & contracting operations. Hope Cement is the UK’s sole independent cement producer; it distributes nationally through the UK rail network and local depots.
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