LGW Group acquire Mexboro Concrete
Acquisition of Mexboro takes LGW Group’s combined annual turnover to more than £25 million
LGW Group, one of the leading construction sector groups in the south of England, have recently acquired precast concrete specialists Mexboro Concrete, based in Paignton, Devon, taking the Group’s combined annual turnover to more than £25 million.
The addition of Mexboro complements the other LGW Group companies, namely Wright Minimix, Bristol & Bath Concrete, Prodeck-Fixing and Chris Brown Concrete Pumps – giving the Group an even stronger foothold in the South West and Wales.
‘Mexboro have a fantastic reputation in the industry as a company with well-established values and quality products, so to bring them into the LGW Group was a fairly easy decision to make. They are the perfect fit for us,’ remarked Len Wright, managing director of LGW Group.
The company will continue to trade under the Mexboro Concrete name in Paignton and the majority of its 20-plus workforce will remain with the business, with a small number of administrative functions moving to LGW Group’s headquarters in Bristol.
Mexboro’s managing director, Matthew Vallance, will also remain with the business in a part-time capacity, bringing his years of experience in the industry to the Group. The addition of two new apprentices, already being advertised for, and the potential for more recruitment into the business will grow the precast concrete division of the Group.
Further investment for the Group is forecast with the potential addition of a new concrete plant to make this new area of the business more efficient, as well as providing it with a more varied product offering by utilizing the skills of the other Group companies.
The LGW Group companies provide a one-stop shop for both commercial and domestic construction projects across southern England and Wales, with services ranging from the production and sale of ready-mixed concrete and concrete blocks, to concrete pump hire (including the UK’s largest M60 and M62 boom pumps), metal decking and now precast concrete and architectural cast stone.