The Competition and Markets Authority has cleared the way for Breedon to buy rival Hope Construction Materials after accepting plans to offload 14 ready-mixed concrete sites.

Breedon’s chairman Peter Tom is eyeing further acquisitions

Breedon now aims to complete the takeover deal on 1 August to creating a building materials group with one of the country’s largest cement plants, around 60 quarries and 750m tonnes of mineral reserves and resources.

Breedon’s chairman, Peter Tom CBE, said: “The way is now clear for Hope to join us and create the UK’s largest independent construction materials group. 

“It will give us a stronger platform for growth, with a broader geographical footprint, increased scale, an improved product mix, greater financial capacity and a team of highly talented people.

The new business will comprise three divisions. Breedon Northern will combine Breedon’s Scottish operations with Hope’s aggregates and ready-mixed concrete operations in Scotland and the north of England.

Breedon Southern will combine Breedon’s operations in England and Wales with Hope’s remaining aggregates and ready-mixed concrete operations.

The third division covering cement supply from the works in Derbyshire will retain the Hope Cement name.