Heidelberg Materials takes full ownership of Smiths Concrete

Heidelberg Materials, which has owned a minority stake in Banbury-headquartered Smiths Concrete since its inception in 1957, has acquired all outstanding shares from the Smiths family.

Simon Willis, chief executive officer of Heidelberg Materials UK, said: ‘Our full acquisition of the Smiths Concrete business reflects our commitment to the market and to the Smiths Concrete team. It is a further significant strategic step for our business as we seek to strengthen our footprint throughout Oxfordshire and Warwickshire.’

Going forward, Smiths Concrete will continue to operate as a stand-alone entity and there are no plans currently to change its branding or day-to-day operations. Similarly, it will continue to seek approval for its proposed new sand and gravel quarry at Wasperton Farm, Warwickshire.

Smiths Concrete operate seven concrete plants, two quarries, and an inert landfill site and predominantly supply house builders and trade customers across Warwickshire and Oxfordshire, along the M40 corridor.