SigmaRoc concludes deal to buy Johnston Quarry Group
SigmaRoc, the quarried materials group quoted on the London Stock Exchange Alternative Investment Market (AIM), has completed the acquisition of Johnston Quarry Group Ltd (JQG) and Guiting Quarry Ltd, operating eight quarries in the South of England, that it told its shareholders about in January (read about that here).
SigmaRoc says that, together with G D Harries, which was bought by SigmaRoc in 2020 and has six quarries in Wales providing stone, concrete and tarmac for construction and highway maintenance projects as well as polished and decorative aggregates for domestic customers, JQG will expand SigmaRoc’s offering of construction materials and agricultural lime to service customers in England and Wales.
SigmaRoc says the expansion of the product offering and geographical reach will benefit both companies, as well as SigmaRocs Precast Products Group (PPG) platform.
Max Vermorken, CEO of SigmaRoc, says: “We are pleased to close the acquisition of Johnston Quarry Group and to formally welcome its 69 staff to the SigmaRoc Group. As with every business we have bought to date, we aim to see it flourish, by respecting its history, its people and building on its strengths.
"The expanded offering across Southern England and Wales and interaction with the Group’s PPG platform will deliver further synergies and growth.”