Breedon buys Northern Ireland's Lagan Group for £455m


Deal offers “excellent opportunities for expansion” says Leicestershire firm


Breedon has snapped up Northern Ireland-based materials manufacturer Lagan for £455m.

Leicesteershire-based Breedon had revealed in February it was in talks to buy the firm and today announced the deal was going ahead.

It plans to finance part of the asking price via a share placing that it hopes will net it around £170m, plus a new £150m medium-term loan and funds from a new revolving credit deal worth £350m.

This is premium content

Only logged in subscribers have access to it.

Login or Subscribe to view this story

Existing subscriber? LOGIN OR

Take out a Premium or Digital subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

Get access to premium content subscribe today

Alternatively REGISTER for free access on selected stories and sign up for email alerts.