A BUYER has been found for a construction company.
PricewaterhouseCoopers has announced that Breedon Aggregates has bought C&G Concrete, which has its head office in Uffington Road, Stamford.
C&G Concrete, which has 120 staff, called in the administrators in May citing tough trading during the winter.
The company has three sand and gravel quarries and 13 ready-mixed concrete and mortar plants in Lincolnshire, Cambridgeshire and Humberside.
Joint administrator Eddie Williams said: “We are pleased to have secured a sale of the C&G operations to Breedon Aggregates that not only protects the employment base of the company but secures value for the creditors of C&G.
“I would like to take the opportunity to thank the employees, customers and suppliers for their support over the last few months and look forward to seeing the C&G business continue to thrive as part of the Breedon Group.”
Thanks to the acquisition of C&G Concrete, Breedon Aggregates now operates 26 quarries, 18 asphalt plants and 40 ready-mixed concrete and mortar plants in England and Scotland, employing more than 800 people.