Ibstock acquire Coltman Precast
Acquisition enhances Ibstock’s precast concrete product range and manufacturing capacity
IBSTOCK have announced a further extension of their concrete offering with the acquisition of Birmingham-based Coltman Precast (Valerie Coltman Holdings Ltd), one of the largest independent suppliers of precast concrete products.
The purchase of Coltman’s 9.25-acre facility in Sutton Coldfield, which manufactures hollowcore and staircases, has the capability to expand Ibstock’s current range, whilst also increasing manufacturing capacity, which supports the company’s flooring and structural concrete growth plans.
Established in 1972, Coltman Precast have grown into one of the UK’s largest suppliers of precast concrete products to the construction industry. The central location of Coltman’s Midland-based factory complements Ibstock’s existing flooring factories in the South (Sittingbourne) and the North (Dewsbury), allowing the business to competitively deliver a full portfolio of precast concrete products at a national level.
Tim Wright, commercial sales operations director at Ibstock, said: ‘The acquisition of a brand as well-known and respected as Coltman Precast is a significant milestone for Ibstock. We believe it further increases Ibstock Group’s ability to manage the short-term challenges which are being impacted by the wider economic climate, whilst helping us plan and work towards longer term success.
‘We look to the future with excitement as the unlocked potential of this acquisition is immense. Once we have fully integrated the Coltman Precast facility and team into our wider operations, the business will go from strength to strength.’
With the acquisition of Coltman Precast, Ibstock’s flooring and structural precast system now comprises beam and block flooring, beam and EPS insulated flooring, hollowcore, lift shafts, staircases, columns, and installation services.
