Ibstock plc
| File:Ibstock logo.jpg | |
| Company type | Public limited company |
|---|---|
| LSE: IBST | |
| Industry | Building materials |
| Founded | 1899 |
| Headquarters | Ibstock, Leicestershire |
Key people | Jamie Pike (Chairman) Wayne Sheppard (CEO) |
| Products | Clay bricks |
| Revenue | £373.2 million (2014)[1] |
| £43.2 million (2014)[1] | |
| £33.4 million (2014)[1] | |
| Website | www.ibstockplc.com |
Ibstock plc is a large brick making business. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
The company was founded in 1899 at Ibstock in Leicestershire as a coal mining business.[2] It bought Redland's brick manufacturing business in 1996.[3] A majority stake in the business was acquired by CRH in 1998 with the balance of the shares being bought by CRH in October 2011.[4] The business was then acquired by Bain Capital as part of a management buyout in February 2015.[2] It was the subject of an initial public offering in October 2015.[2]
Operations
The company manufactures 40% of the clay bricks produced in the United Kingdom.[2]
References
- ^ a b c "Prospectus" (PDF). Ibstock. Retrieved 6 December 2015.
- ^ a b c d "Ibstock builds IPO hopes on UK brick shortage". The Telegraph. 28 September 2015. Retrieved 6 December 2015.
- ^ "French losses and strong pound cost Redland dear". The Independent. 28 March 1997. Retrieved 6 December 2015.
- ^ "CRH swoops on Ibstock in pounds 326m deal". The Independent. 23 October 2011. Retrieved 6 December 2015.