economic value
"Acquisition supports our long-term business objectives and will help us enhance the customer experience."
Paul Fleetham, Managing Director, Tarmac Contracting
highlights
2017 has been another strong year for Tarmac, which has seen us perform well against our budgeted targets. We worked hard throughout 2017, continuing to develop relationships with our customers and industry partners through our commercial excellence programme and took the opportunity to align our operational business and central support functions to enable us to get closer to our customers and continue to provide an unrivaled level of customer service.
In 2018 we will launch ‘the Tarmac way’ which aims to build on our strong foundations to enable the business to grow and achieve our ambitions to 2020 and beyond.
We have continued to grow our business and have maintained our focused growth strategy with a number of strategic investments across our business. 2017 saw J B Riney Limited, one of London’s most respected civil engineering and highway maintenance contractors, join Tarmac’s Contracting business. Also ScotAsh, previously a joint venture between Tarmac and Scottish Power, became wholly owned by Tarmac and integrated fully into our Cement and Lime business. [Read more] [link to case study]. We also completed the purchase of Colas’s 50% share in the joint venture company, Newhaven Roadstone Ltd. Newhaven Roadstone supplies asphalt and aggregates to customers in East Sussex from its river-fed site at Newhaven port.
The continued support of our parent company CRH PLC and willingness to invest in our business in 2017 saw further investment in new vehicles for our road haulage fleet and the development of additional rail facilities. In May 2017, we opened a brand new rail aggregates handling depot at Garston, South Liverpool. This new operation, created in partnership with Freightliner and Rail Freight Services provides an additional 300,000 tonnes a year aggregate handling capacity, supplying customers in Merseyside and Cheshire [Read more] [link to Garston keep Tarmac on Track- case study].
The year has also seen continued investment in our most important asset, our people. Read more about our graduate, apprenticeship and the learning and development programmes.
During 2017, Tarmac also completed the acquisition of Alun Griffiths Contractors, a civil engineering business based in Wales and acquired 27 readymix concrete sites and a marine aggregates wharf from Breedon as part of an asset swap agreement of four aggregate sites and one asphalt plant transferring to Breedon. Further information about these exciting acquisitions will be provided next year as part of our 2018 report.
Tarmac forms part of CRH PLC and as such our 2017 financial performance is included in CRH PLC financial reports.