Brickability: Taylor Maxwell deal significantly enhances the proposition

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  • Brickability agrees earning accretive deal to buy timber and cladding specialist for up to GBP63mln
  • Brickability Group says ‘things have progressed to a very very positive market place for us’
Brickability Group PLC - Brickability

Quick facts: Brickability Group PLC

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Brickability Group PLC businesses are focussed around three core product areas; Bricks and Building Materials, Roofing Products and Services as well as Heating, Plumbing and Joinery.

The group distributes, and in many cases installs superior quality and strategically important building materials from major UK and European manufacturing partners, providing product solutions to both private and commercial specifiers, contractors, developers and builders.

The group is a market leading supplier of facing bricks, blocks, rainscreen cladding systems, architectural masonry, paving, roof tiles and slates to the construction industry.

02 Jun 2021

() is acquiring Taylor Maxwell Group, a supplier of timber and non-combustible cladding, for up to GBP63mln.

The deal will be part-funded by an oversubscribed GBP55mln sale of shares at a 8% discount to the closing price on Tuesday.

A total of GBP40mln will be handed over in cash and GBP10mln will be satisfied by issuing shares. There will also be a deferred element based on future profitability.

Brickability, one of the UK’s largest construction materials distributors, said the Taylor Maxwell acquisition will be earnings accretive, while it also helps diversify the company’s product offering.

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30 Apr 2021

() said it has appointed its interim chief financial officer Mike Gant to the position permanently and to the board with immediate effect.

“I am delighted to welcome Mike to the board and the permanent role of Chief Financial Officer. Mike has made a very positive contribution since joining and we look forward to working with him in the years ahead,” chairman John Richards said in a statement.

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20 Apr 2021

() said it expects to report full-year revenues and earnings “ahead of previous expectations” despite “significant operational challenges” caused by the Coronavirus (COVID-19) pandemic.

In a trading update for the year ended March 31, the construction materials group said it delivered a “solid trading performance” and expects to report adjusted earnings (EBITDA) of over GBP17mln and revenues of around GBP180mln.

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21 Apr 2021

Brickability Group’s John Richards joins Proactive London’s Katie Pilbeam to discuss their latest trading update.

Richards is expecting to report full-year revenues and earnings ahead of previous expectations despite the challenges caused by the Coronavirus (COVID-19) pandemic.

Adjusted earnings (EBITDA) of over GBP17mln and revenues of around GBP180mln are expected thanks to maintaining a strong focus on margins and cost control during the year, while it had also strengthened its sales team and benefitted from the contributions of its recent acquisitions

14 Apr 2021

Brickability is a leading supplier of bricks and other building materials to the UK construction industry, and is well-positioned to consolidate the fragmented UK building products supplier space. The company has undertaken four acquisitions since its IPO in 2019, which adds to some twelve acquisitions carried out previously in the years since it was founded in 1984. As a result of this acquisition process, the group has branched out from its core bricks and building materials distribution into the adjacent areas of roofing products and services as well as heating, plumbing and joinery. These moves make compelling strategic logic, as the divisional businesses enjoy a common customer base, and hence provide a simpler procurement process for its customers. Further, the new areas also enjoy significantly higher margins.

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Brickability Group says ‘things have progressed to a very very positive…

Brickability Group’s John Richards joins Proactive London’s Katie Pilbeam to discuss their latest trading update.

Richards is expecting to report full-year revenues and earnings ahead of previous expectations despite the challenges caused by the Coronavirus (COVID-19)…

on 21/4/21

2 min read

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