Brickability cements further growth

Brickability has snapped up two companies for an undisclosed sum, propelling the business into the top three brick firms in the UK.

The acquisitions are the first for the Welsh firm, acquiring The Matching Brick Company late last year and Charterhouse Construction Materials recently for undisclosed terms.

Brickability is headquartered in Bridgend, South West-based Matching Brick Company has sites in Bristol and Swindon, while Charterhouse is based in Mitcham and Tamworth.

Morrisons Solicitors provided legal advice for the selling shareholders of the target firms. Richard Rose, head of the corporate team, led the sale assisted by Simon Porter and Agata Walton, who provided corporate advice, with Paul Beadle handling property services.

Morrisons acted on the initial purchase of Matching Brick and was approached when Brickability made an offer. Both deals were concluded rapidly, with the purchase of Charterhouse competed within two months.

All of the existing staff will remain at the two vending firms, apart from the managing director at Charterhouse. Brickability’s offices in Epping and Kent are closing with operations relocated to Charterhouses’ offices in Mitcham.

Brickability, which was established 21 years ago, supplies natural stone and architectural masonry and cladding materials to the commercial and residential markets.

The firm has expanded from its original site in Bridgend, setting up divisions in Maidenhead, Shrewsbury and Derbyshire.

The Matching Brick Company’s site in Mitcham will be re-branded as Brickability, with the other sites retaining their existing names. In total the two firms have a turnover of some £16 million, the bulk of which is at Charterhouse.

The two firms were acquired last year, with the owner now selling out to Brickability. The deal was funded by the Royal Bank of Scotland.

Simon Mellor, sales director for the South West and South Wales, will be responsible for yard and direct sales from Bridgend and will also assist Matching Brick with their buying policy and business expansion.

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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