France-based VM Matériaux has announced that it is to merge its Préfa des Pays de Loire (PPL) and Vendée Béton businesses into the operation of the main group in order to improve operation of its concrete business and take advantage of synergies to reduce costs. The group currently holds stakes of 25% and 34%, respectively in PPL and Vendée Béton, with the balance owned by certain of the Group’s family shareholders. The two companies produced a combined turnover of €34.5million in 2009.
France-based
The group currently holds stakes of 25% and 34%, respectively in PPL and Vendée Béton, with the balance owned by certain of the Group’s family shareholders. The two companies produced a combined turnover of €34.5million in 2009.
News of the merger came with publication of the company’s results which showed a 3.3% rise in turnover in the third quarter to just under €150million. Gains were made in the materials trading and joinery sectors of the business.
