Brickability acquires Modular Clay Products

Published by

Stephen Emerson

Brickability are listed on the AIM stock exchange

Construction supply firm, Brickability Grouphave announced their acquisition of Modular Clay Products Limited.

The deal was closed at £4.75 million, constituting an initial cash payment of c.£3.33 million and deferred, performance related consideration of c.£1.43 million payable over the next three years.

Brickability have over 30 years experience delivering masonry products, the company have hubs in Surrey and Berkshire.

Welcoming the acquisition, Alan Simpson, CEO, Brickability Group plc, said: "The Group currently addresses the specification sector through our Taylor Maxwell and Bespoke Brick businesses.

"The acquisition of Modular Clay Products will significantly increase our presence in the specification sector and bring access to a range of European manufacturers further boosting our import capabilities."

MCP supplies bricks to the specification sector and provides design advice and consultation to construction firms and projects. They reported unaudited revenue of £10.50 million for the 12 months to 31 December 2021.

The acquisition will be funded from the Group's existing resources and is expected to be immediately earnings accretive post completion.

Stephen Emerson

Stephen Emerson is the Managing Editor of The Business Magazine and is responsible for the publication's print publications and online properties including the newly launched Biz News websites in Hampshire and Dorset. Stephen has been a journalist for 20 years and has worked at local, regional and national publications and led a team which made The Scotsman website one of the fastest growing news sites in the UK with over eight million monthly users. He has a keen interest in technology, property and corporate finance and telling the stories of the people behind the successful firms in these sectors.