Sale of Besblock to Aggregate Industries

Deal Summary

Headpoint Advisors have advised Andrew Huxley, Owner and Executive Chairman of Besblock Limited on its sale to Aggregate Industries, a member of the Holcim Group. The sale completed on 19 May 2023.

Founded 50 years ago, Besblock is a leading manufacturer of precast materials based in Telford. It aims to be the leading supplier of building blocks that are superior in terms of thermal and audio performance, ease of use, sustainability and carbon neutral production. Its two manufacturing plants produce up to 2 million m 2 of blocks annually supplying large and medium sized housebuilders across the Midlands.

Aggregate Industries is a diversified building materials supplier with over 200 sites in the UK and 3,700 employees. The Holcim Group operates in 75 countries, has sales of £26.7 billion and is listed on the Swiss stock exchange.

The acquisition of Besblock will expand upon Aggregate Industries existing products with the introduction of a range of technically niche and sustainable building blocks, and enable closer working relationships with housebuilders across the UK.

This deal highlights Headpoint’s ability to work with long-standing family businesses, access multi-national strategic buyers at the right time and conclude successful transactions with them.