Construction firm Lagan Group sold to Breedon for £455m

Construction firm Lagan Group sold to Breedon for £455m

The construction firm Lagan Group has been sold to one of the biggest construction firms in the UK for £455m.
Breedon Group said the acquisition would allow it to enter the Irish construction market.
Lagan Group employs 750 people and made a profit of £46m last year.
The Lagan family business was formed in the 1960s but it was broken into two parts several years ago, with brothers Michael and Kevin Lagan going their separate ways.
This acquisition refers only to Kevin Lagan's part of the business.
It concerns the building materials divisions, with Lagan Homes being retained by Kevin Lagan.... read more

Tuesday, 09:15 in Business, Views: 36
Source: BBC

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