Burlington Stone has announced a significant investment with the purchase of Burlington Aggregates Ltd.
The acquisition brings together two already successful businesses to form one of the largest independently owned construction materials groups in the North West.
The new business has a substantial reserves position across a broad range of minerals. By combining the capability of both businesses Burlington will be able to take advantage of operational benefits and more sustainably develop its long term mineral reserves.
Richard Page, managing director of Burlington Stone, said the acquisition would enable Burlington to further improve the services provided to its customers, enhance its ability to develop new products and secure jobs across South Cumbria.
“We are delighted with the acquisition of this well established business servicing the construction markets in the North West.
“These are exciting times for Burlington, the new business will bring together the high quality, well established roofing and architectural business of Burlington Stone with the experienced aggregates and ready-mix concrete team at Burlington Aggregates.
“This is the next stage in our investment strategy which has seen the multi million pound development of our Kirkby Quarry and installation of modern CNC machinery to complement the high quality craftsmanship for which Burlington is well known.”
Burlington Aggregates Ltd started as a partnership between Neil Price Construction Services and Burlington Stone eight years ago, linking the two companies’ expertise in logistics and quarrying, with the extensive mineral reserves of the latter’s parent company, the Holker Group.
Now Burlington has moved to become sole owners of the business and looks to further develop the company’s reputation for manufacture and distribution of ready-mix concrete, decorative and construction aggregates.
The newly formed Burlington Construction Materials Group is wholly owned by the Holker Group, effectively increasing its size by 30 per cent.
Holker Group chief executive Allen Gibb described the purchase as a “significant investment,” adding: “I would like to thank Neil Price for the part he and his family have played in growing the Burlington Aggregates business.
“This acquisition will strengthen Burlington Stone and help secure jobs for the future, but it is an important development for the whole of Holker Group. The businesses within the group rely on each other across a diverse portfolio that covers leisure, tourism, property and quarrying. This gives us strength going forward.”
Lucy Cavendish, chairman of Holker Group, added: “This is an exciting development that will take the business forward and safeguard jobs. The Cavendish family and Holker Group have a long and proud history of supporting industry and business in south Cumbria and this investment opens up another exciting chapter for us.”