LafargeHolcim buys UK-based construction material supplier Kendall Group
Swiss building material company LafargeHolcim has purchased Kendall Group, an aggregates and ready-mix concrete manufacturer based in southern England for an undisclosed price as per the latest construction industry news.
Last year, Kendall Group had registered net sales of about CHF33 million ($35.23 million).
LafargeHolcim revealed that Kendall Group will be operated by its subsidiary Aggregate Industries, a construction materials supplier to grow its operations further in southern England.
The Swiss building material company further said that the area where Kendall operates is likely to benefit from above national average growth, particularly in the housing sector.
LafargeHolcim acquisition of Kendall Group. Photo courtesy of LafargeHolcim.
Commenting on LafargeHolcim acquisition of Kendall Group, Jan Jenisch – Group CEO of LafargeHolcim, said: “The Kendall Group is a successful business with a strong record of performance, good reputation and passionate people and is highly complementary to our existing operations in the UK.
“We welcome our new colleagues to the Group and look forward to further developing our business in the UK together.”
In another part of the world, in India, LafargeHolcim announced an investment of CHF200 million ($213.5 million) for the construction of a new cement factory in Rajasthan.
The new cement factory in Rajasthan will be established by Ambuja Cement, a subsidiary of the Swiss building material company. It will serve customers of the Indian cement company in the northern part of the country including Delhi.
The LafargeHolcim cement factory in Rajasthan will have a clinker capacity of 3.1 million tonnes per year and is anticipated to begin operations in the second half of 2020.
Commenting on the new cement factory in Rajasthan of Ambuja Cement, Jan Jenisch – Group CEO of LafargeHolcim, said: “India is the second biggest global cement market and is forecasted to continue to see high growth rates.
“We are excited to invest in this highly attractive market to further strengthen our footprint and to reinforce our leading building materials position in India.”
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