Register to get free articles
Want unlimited access? View Plans
Already have an account? Sign in
James Cowper Kreston’s Corporate Finance team has advised Heidelberg Materials UK, one of the “largest” building materials manufacturers in the world, on its acquisition of the Mick George Group.
Mick George is a construction and demolition waste recycler based in East Anglia and the East Midlands. It has an annual revenue of approximately £220m and operates more than 40 sites in the UK including major recycling facilities, aggregates quarries and ready-mixed concrete plants.
Since December 2022, the Competition and Market Authority has been looking into whether the merger of Heidelberg Materials and Mick George would raise concerns in certain markets in the East of England and the East Midlands.
A divestment proposal to offload parts of the business in key areas to Essex-based Brice Aggregates and Peterborough-based P J Thory has now been agreed and allowed the acquisition to move forward.
The team at James Cowper Kreston was led by Brad McAvoy and Nikul Patel.
McAvoy said: “We were delighted to work with the team at Heidelberg Materials and support them on their journey to achieve Net Zero status through the acquisition of Mick George.”
Simon Willis, CEO of Heidelberg Materials UK, added: “The acquisition of the Mick George Group is a strong fit for us and another significant step towards our target to offer circular alternatives for half of our concrete products by 2030.”
