Brickability has acquired McCann Roofing Products for £2.75 million, increasing and diversifying the group’s European material supply and product range.
The acquisition will also allow Brickability to expand the distribution of roofing products into new regions across the UK.
The total consideration is being satisfied by the payment of £2.75 million in cash on completion funded from the Group’s existing resources and is expected to be immediately earnings accretive. McCann will become a subsidiary of Crest Brick Slate and Tile, an existing Brickability Group company.
McCann is a specialist importer and distributor of natural and man-made building products, focused on roofing. The company imports high-quality materials form some of the largest producers in Europe, across France, Spain and Belgium.