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Weber Shandwick and Tavistock sign strategic partnership

Industry News

Tavistock advises on Sigmaroc acquisition

1 February 2017

Sector: Building Materials

Tavistock has advised new building materials business SigmaRoc plc on its reverse takeover (RTO) and £45m acquisition of Ronez Limited, a wholly owned subsidiary of Aggregate Industries, which is part of the LafargeHolcim Group.

SigmaRoc is an AIM-listed construction materials business, which this month raised £50m from institutional investors to complete its first acquisition as part of a ‘buy and build’ strategy.

The company, launched in August 2016, consists of former LafargeHolcim and London Concrete senior executives, with a vision of building a £500m business.

SigmaRoc’s Ronez transaction marks the first in a series of targeted acquisitions in the construction materials sector across the UK and Western Europe.