Leicestershire-headquartered Ibstock has extended its concrete offering with the acquisition of Birmingham-based Coltman Precast (Valerie Coltman Holdings Limited).
The purchase of Coltman’s 9.25-acre facility in Sutton Coldfield which manufactures hollowcore and staircases, has the capabilities to expand Ibstock’s current range, whilst also increasing manufacturing capacity, which supports the company’s Flooring and Structural concrete growth plans.
Established in 1972, Coltman Precast has grown into one of the UK’s largest suppliers of precast concrete products to the construction industry. The central location of Coltman’s Midland-based factory complements Ibstock’s existing flooring factories in the South (Sittingbourne) and the North (Dewsbury).
Tim Wright, commercial sales operations director at Ibstock, said: “The acquisition of a brand as well-known and respected as Coltman Precast is a significant milestone for Ibstock.
“We believe it further increases Ibstock Group’s ability to manage the short-term challenges which are being impacted by the wider economic climate, whilst helping us plan and work towards longer term success.
“We look to the future with excitement as the unlocked potential of this acquisition is immense. Once we have fully integrated the Coltman Precast facility and team into our wider operations, the business will go from strength to strength.”
