Materials giant snaps up concrete supplier as 2006 spending tops £60m.
Materials firm Hanson has swooped to buy a Floridan concrete supplier, bringing its spend on acquisitions in 2006 to £60m.
Hanson has bought PaverModule, one of the top two suppliers of concrete pavers in Florida.
Commenting on this transaction, Alan Murray, chief executive of Hanson, said: "Florida is a very attractive market for us in the US and this acquisition extends and complements our building products operations in that region.
"We have made a good start to our development plans for 2006 and the pipeline of additional acquisition opportunities remains promising.'
PaverModule is one of Florida's leading suppliers of concrete pavers, the interlocking sections of concrete used in residential and commercial applications such as landscaping.
The company operates two plants in Fort Myers, two in Pompano Beach and one in Haines City, and employs approximately 170 people.
In 2005, Hanson spent a total of approximately £340 million on acquisitions.