Builders and building materials
SigmaRoc rides lime wave with CRH deal for up to €1bn
Lime and limestone are seen as key resources in the transition to more sustainable construction, with lime products acting as natural carbon sinks
Company
LON:SRC
SigmaRoc PLC is a buy-and-build group targeting construction materials assets in the UK and Northern Europe. The company seeks to create value by purchasing assets in fragmented construction materials markets and extracting efficiencies through active management and by forming the assets into larger groups. SigmaRoc seeks to derisk its investments via strong asset backing at its projects.
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Builders and building materials
Lime and limestone are seen as key resources in the transition to more sustainable construction, with lime products acting as natural carbon sinks
Builders and building materials
The buy-and-build quarried materials group said its long-term prospects are exciting with “significant opportunities” to extend its geographical reach and product offering
Builders and building materials
Chief executive Mark Vermorken said the deal would extend Sigmaroc's footprint in "several key markets"
Builders and building materials
Brokers Liberum and Peel Hunt repeated 'buy' recommendations on stock in the construction materials group
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SigmaRoc will become the first concrete products supplier in Europe to offer ultra-low carbon concrete products across its entire range from January 2022
Builders and building materials
"Greenbloc receiving the EPD is a significant milestone for our ultra-low carbon building block.”
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“Supply chain and inflationary pressures are being managed effectively"
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AIM-listed SigmaRoc launched the world's first cement-free block in 2021
Builders and building materials
Revenues and earnings were boosted by contributions from recent acquisitions and a strong underlying performance
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A glance at some of the day's highlights from the Proactive Investors newswire
Builders and building materials
The deal was funded via a combination of cash, debt and equity
Builders and building materials
Nordkalk brings scale and is comparatively low risk according to Liberum
Builders and building materials
“Nordkalk expands its footprint to fill the area targeted, but also brings scale”
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A look at some of today's main headlines from the Proactive newswire
The purchase price is about seven times Nordkalk’s underlying EBITDA for 2020
Builders and building materials
GduH is SigmaRoc’s Benelux production and distribution subsidiary
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"The market is changing and we understand the need to acknowledge, address and action a tangible approach to decarbonisation," said Max Vermorken.
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"The year started well across the group with strong sales in every platform,” said Max Vermorken
Builders and building materials
In a note, analysts reiterated their ‘buy’ rating on the construction materials group and increased their price target to 105p from 82p