Tavistock advises on Sigmaroc acquisition
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.
