LONDON: Breedon Group has confirmed completion of the Breedon Southern Limited joint venture with Robert Brett & Sons Limited in Capital Concrete Limited.

The new venture will trade as Capital Concrete, the current name of Brett’s existing London business. Breedon Group plc is a leading construction materials group in Great Britain and Ireland. It operates two cement plants and an extensive network of quarries, asphalt plants and ready-mixed concrete plants, together with slate production, concrete and clay products manufacturing, contract surfacing and highway maintenance operations.

The new Capital Concrete Limited will be 43% owned by Breedon Southern, 43% by Robert Brett & Sons and 14% by the management team.

Capital Concrete currently operates seven ready-mixed concrete plants in Bow, Croydon, Romford, Rainham, Wembley, Silvertown and Staines.

Breedon will contribute its plants in Cricklewood, Feltham and Enfield, together with £3.1m in cash.