Brickability Group PLC (AIM:BRCK) climbed nearly 3% early on Monday after announcing further expansion into the cladding remediation market through the takeover of Topek Southern Ltd.
Topek Southern’s takeover and October’s acquisition of Group Topek Holdings Ltd has left the company with “a full-service specialist cladding installation and remediation contracting business,” Brickability said on Monday.
Brickability acquired the entire issued share capital of Topek Southern, which delivers façade systems, fire remediation, roofing, and curtain wall solutions, for £48 million.
This builds on the takeover of specialist cladding remediation contractor Group Topek, with thousands of buildings still yet to be retrofitted with safe materials after the Grenfell Tower fire in 2017.
“The acquisition gives the group a truly national presence in the cladding market,” chairman John Richards said.
Shares climbed 2.7% to 60p.