Geldards advises Sharpness Asphalt Limited on its sale to market leader Holcim UK

Geldards’ Corporate team has successfully advised Sharpness Asphalt Limited on its sale to national industry leader Holcim UK. The acquisition of the Gloucestershire asphalt plant by Holcim supports their growth strategy and will strengthen their presence in the South West.

Holcim UK are leading suppliers of sustainable building solutions to the UK construction industry and part of the Swiss multinational Holcim which employs 65,000 people globally.

Located next to Sharpness wharf in Gloucester, the accessible location of the asphalt plant is ideal for a rapid turnaround service for trade customers and SMEs, and the plant will be rebranded as a Holcim Express Asphalt site when it reopens in July.

Alex Butler, Geldards Corporate Partner led the advice to Sharpness Asphalt Limited assisted by Solicitor Jamie East and Trainee Solicitor Mari Richards.

Commenting on the deal, Alex said:

“Geldards was delighted to advise Sharpness Asphalt on their sale to international industry leader Holcim UK. We were pleased to help Colin and Brian with a successful exit from the business.”

Colin Loughran, former Director Sharpness Asphalt Limited said:

“Many thanks to Alex and the team at Geldards for their professional advice and wise counsel guiding us through the sale of our business, we are very grateful for their support.”