Ibstock plc explained

Ibstock plc
Type:Public limited company
Foundation:1899
Location:Ibstock, Leicestershire
Key People:Jonathan Nicholls (Chairman)
Joe Hudson (CEO)
Industry:Building materials
Products:Building Materials
Revenue: £405.8 million (2023)[1]
Operating Income: £35.0 million (2023)
Net Income: £21.1 million (2023)
Homepage:www.ibstock.co.uk

Ibstock plc is a manufacturer of clay bricks and concrete products with operations in the UK. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

The company was founded in 1899 at Ibstock in Leicestershire as a coal mining business.[2] It bought Redland's brick manufacturing business in 1996.[3] CRH bought a majority stake in the business in 1998 and the balance of the shares in October 2011[4] The business was then acquired by Bain Capital as part of a management buyout in February 2015.[2] and was the subject of an initial public offering in October 2015.[2]

External links

Notes and References

  1. Web site: Preliminary Results 2023. Ibstock . 6 March 2024.
  2. Web site: Ibstock builds IPO hopes on UK brick shortage. The Telegraph. 28 September 2015. 6 December 2015.
  3. Web site: French losses and strong pound cost Redland dear. The Independent. 28 March 1997. 6 December 2015.
  4. Web site: CRH swoops on Ibstock in pounds 326m deal. The Independent. 23 October 2011. 6 December 2015.