Hope Construction Materials
 | |
| Company type | Limited company |
|---|---|
| Industry | Construction materials |
| Founded | 2013 |
| Headquarters | Berkeley Square House, Berkeley Square, Mayfair, London |
Area served | Britain |
Key people | Amit Bhatia, Chairman Chris Plant, CEO |
| Products | Aggregates, Cement, Concrete |
Number of employees | 900 full-time |
| Website | Hope Construction Materials |
Hope Construction Materials was a producer of cement, concrete, aggregates and asphalt in the United Kingdom, founded in 2013. Before 1 April 2014 Hope Construction Materials was the trading name for the two entities, Hope Cement Limited and Hope Ready Mix Concrete Limited. Hope construction Materials was acquired by Breedon Group on 1 August 2016 for £336 million.
Hope had assets including the UK's largest cement plant at Hope, Derbyshire and a network of 170 ready-mix concrete plants as well as aggregate extraction and logistics operations.
History
In February 2011, cement company Lafarge and mining company Anglo American agreed to merge their British construction materials businesses.[1] The deal was set to combine Anglo American's Tarmac UK unit, employing 4,500 people, with Lafarge's cement, concrete and aggregate quarries, depots and terminals. Due to the size of the venture, the Office of Fair Trading referred it to the UK's Competition Commission, who concluded in May 2012 that, because of the potential loss of competition in the aggregates, asphalt, cement and ready-mix concrete markets, some of their assets should be sold.[2]
In November 2012, Lafarge and Anglo American agreed to sell £285 million worth of British assets to Mittal Investments.[3] In December of that year, Anglo American's Tarmac unit became Hope Ready Mixed Concrete Limited,[4][failed verification] whilst Lafarge's assets became Hope Cement Limited.[5][failed verification] The deal was completed in January 2013 with the creation of Hope Construction Materials.[6]
The two firms, Hope Cement Limited, and Hope Ready Mixed Concrete Limited, traded under the name Hope Construction Materials;[7] the two entities merged on 1 April 2014, creating Hope Construction Materials Limited.
On the 18th November 2015, Breedon Aggregates announced the acquisition of Hope Construction Materials for £336 million, and completed the deal on 1 August 2016 following approval from the Competition & Markets Authority. The combination of Hope and Breedon created the UK’s largest independent construction materials business.
Operations
When the two Hope legal entities merged in 2014, the combined assets included a cement works at Hope, Derbyshire, which is the largest in the UK. The company also operated 170 ready-mix concrete plants; and a number of aggregate operations including quarries, rail terminals and shipping wharves. In 2013 the company employed 800 people.[6] Production at Hope Cement works in its first year of trading (to 2014) was over 1.3 million tonnes of cement per year.[8]
Railway
When G & T Earle opened Earle's Cement works in 1929 it was linked to the Hope Valley Line by a 2 mi (3.2 km) single track railway, which was worked by steam until 1963.[9] Most of the cement now travels over it[10] to Earle's Sidings, where it is taken over by Freightliner.[11]
References
- ^ Kumar, Nikhil (19 February 2011). "Anglo finds a new home for Tarmac with Lafarge deal". London: The Independent.
- ^ "Competition & Markets Authority case - Anglo American PLC / Lafarge S.A. merger inquiry". The UK Competition Commission. 11 April 2014.
- ^ Berton, Elena; Ferreira-Marques, Clara (16 November 2012). "Lafarge and Anglo American sell UK assets to Mittal". Reuters.
- ^ "Hope Ready Mixed Concrete Ltd". Company Check. Retrieved 19 June 2013.
- ^ "Hope Cement Limited". Company Check. Retrieved 19 June 2013.
- ^ a b "Hope Construction Materials open for business". Agg-Net. 8 January 2013.
- ^ "Hope Construction Materials - About Us Leaflet" (PDF). Hope Construction Materials. Retrieved 12 June 2013.
- ^ "Hope Construction Materials celebrates successful first year". Builders' Merchants News. 2 January 2014.
- ^ "1704 Nunlow -1938 steam loco preserved at Ingrow Loco Museum & Workshop". ingrowlocomuseum.com. Retrieved 3 April 2016.
- ^ "Hope Cement Works Railway". sinfin.net. Retrieved 3 April 2016.
- ^ "Earles Sidings Train Crew Depot - Freightliner". Freightliner. Retrieved 3 April 2016.
