News & Events
We are delighted to have advised Hargreaves (UK) Services Limited (“Hargreaves”), on their recent acquisition of two aggregates businesses.
Earlier this month, Durham-headquartered Hargreaves acquired McLeod Construction Materials Ltd (MCM), producers of high quality, secondary aggregates for the construction sector based at Newlandside Quarry, Co Durham.
The Newlandside site contains an estimated 4 million tonnes of waste tips, which are recycled to produce high quality, secondary aggregates with a lower carbon footprint than virgin quarried aggregates. The site was re-opened in 2021 by MCM and Hargreaves intends to increase output over the coming months.
Hargreaves also recently acquired Darlington based aggregate merchant and bagging business, Greenford Haulage & Aggregates (“Greenford”). Following the acquisition, Hargreaves has commenced importing specialist decorative aggregates into its existing operation at Groveport and has expanded the Greenford business into Lincolnshire by establishing an additional bagging operation at the Groveport site.
Simon Greenwood, one of the owners of Greenford, has joined the Hargreaves team as its new aggregates director, and he, together with his existing team, will help drive growth into the aggregates sector.
Steve Barker, managing director of Hargreaves (UK) Services Limited, said: “These exciting developments form part of a wider strategy to develop a high quality, regional aggregates, and minerals business to complement the services already offered through the Hargreaves group of companies. Working with the Andrew Jackson team has been a pleasure and the team have provided great support and advice.”
Hargreaves’ legal advice was provided by a multi-disciplinary legal team at Andrew Jackson, led by our corporate partner, Philip Ashworth, who was supported by Nicole Waldron (corporate), Robert Hill and Samuel Peake (property), Nick Wilson (employment), Fiona Phillips (tax) and Katy Hansom (commercial).
Philip added: – “Hargreaves is a fantastic business which has great aspiration and ambition in the expansion of their aggregate and minerals business. It has been a pleasure to support and guide Steve and his excellent team through its recent acquisitions and I know the business has an exciting future ahead.”