Hope Construction Materials
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| Limited company | |
| Industry | Construction materials |
| Founded | 2013 |
| Headquarters |
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Area served
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Britain |
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Key people
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Amit Bhatia, Chairman Chris Plant, CEO |
| Products | Aggregates, Cement, Concrete |
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Number of employees
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250 |
| Parent | Breedon Group |
| Website | www |
Hope Cement, formerly Hope Construction Materials, is a producer of cement, concrete and aggregates in the United Kingdom, founded in 2013. Before 1 April 2014 Hope Construction Materials was the trading name for the two entities, Hope Cement Limited and Hope Ready Mix Concrete Limited. Hope Construction Materials was acquired by Breedon Group on 1 August 2016 for £336 million, and renamed Hope Cement Limited. Hope Ready Mix Concrete Limited remains a dormant company.
Hope has assets including the UK's largest cement plant at Hope, Derbyshire and a network of 170 ready-mix concrete plants as well as aggregate extraction and logistics operations.
In February 2011, cement company Lafarge and mining company Anglo American agreed to merge their British construction materials businesses. The deal was set to combine Anglo American's Tarmac UK unit, employing 4,500 people, with Lafarge's cement, concrete and aggregate quarries, depots and terminals. Due to the size of the venture, the Office of Fair Trading referred it to the UK's Competition Commission, who concluded in May 2012 that, because of the potential loss of competition in the aggregates, asphalt, cement and ready-mix concrete markets, some of their assets should be sold.
In November 2012, Lafarge and Anglo American agreed to sell £285 million worth of British assets to Mittal Investments. In December of that year, Anglo American's Tarmac unit became Hope Ready Mixed Concrete Limited, whilst Lafarge's assets became Hope Cement Limited. The deal was completed in January 2013 with the creation of Hope Construction Materials.
The two firms, Hope Cement Limited, and Hope Ready Mixed Concrete Limited, traded under the name Hope Construction Materials; the two entities merged on 1 April 2014, creating Hope Construction Materials Limited.
On 18 November 2015, Breedon Aggregates announced the acquisition of Hope Construction Materials for £336 million, and completed the deal on 1 August 2016 following approval from the Competition and Markets Authority. The combination of Hope and Breedon created the UK’s largest independent construction materials business.
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