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Heidelberg Materials takes full ownership of Smiths Concrete

Heidelberg Materials has acquired the outstanding Smiths Concrete shares from the Smiths family. It has owned a minority stake in the Banbury, Oxfordshire, England-headquartered joint venture since its inception in 1957.
By Guy Woodford January 29, 2024 Read time: 1 min
Smiths Concrete is now fully owned by Heidelberg Materials. The Oxfordshire and Warwickshire-based business will continue to operate as a stand-alone entity. Pic: Heidelberg Materials and Smiths Concrete

Simon Willis, CEO of Heidelberg Materials UK, said: “Our full acquisition of the Smiths Concrete business reflects our commitment to the market and 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 operates seven concrete plants, two quarries, and an inert landfill site and predominantly supplies housebuilders and trade customers along the M40 corridor in Warwickshire and Oxfordshire.

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