Besblock
Industrials, Construction
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.
Deal Type
M&A
Value
Undisclosed
Sector
Industrials, Construction
Year
2023
Country
UK, Switzerland
Connecting long-standing family businesses with multinational strategic buyers.
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.
We’re incredibly proud of what we have achieved as a business in the last 50 years; particularly of the investments we have made in sustainable solutions, both in terms of products and practices. We’re excited to continue to expand the business and continue our sustainability journey with the support of Aggregate Industries.
Andrew Huxley, Executive Chairman, Besblock
It is hugely satisfying to work with a client like Andrew over a couple of years, preparing the business for sale and developing strategic relationships with a handful of motivated acquirors. On the back of very strong trading, clear alignment of values and a great growth opportunity Andrew decided that Aggregate Industries was the right partner for Besblock in the long term. We are delighted for him and his family.
Headpoint Advisors is a founder-led corporate finance firm advising business owners, investors and management teams on company sales, acquisitions and growth capital. With offices in Birmingham, London and Reading, Headpoint combines partner-led delivery with deep sector expertise and international reach.
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