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20 March 2014

Laing O'Rourke acquires Glass Reinforced Concrete UK Limited

Laing O’Rourke today announced that it had acquired Glass Reinforced Concrete UK Ltd (GRCUK), one of the country’s leading specialists in bespoke architectural glass reinforced concrete (GRC) products, making it a wholly-owned subsidiary of the Group.

Established in 2009 and based in South Yorkshire, GRCUK initially supplied the house building sector with architectural components.  However with the rapid growth in demand for glass reinforced concrete on large construction projects by influential architects like Norman Foster and Zaha Hadid, and the corresponding erosion in the traditional pre-cast concrete architectural cladding market by 25%, GRCUK experienced rapid growth to emerge as a top three manufacturer and supplier to the UK construction industry.

The acquisition further strengthens Laing O’Rourke’s manufacturing portfolio, allowing the Group to deliver specialist engineering contracts that require complex spray process GRC to meet the demanding quality and performance characteristics on large building and infrastructure projects. It has significant benefits over traditional pre-cast concrete including reduction in dead load weight, more environmentally friendly to manufacture and transport, faster and easier to install, and greater design optionality.

Over the next few months we will be working to integrate the GRCUK operations into our existing stable of manufacturing facilities, and ensure we maximise the benefits to enhance Laing O’Rourke’s position as an industry leader in offsite construction.

Russell Kellett, Head of Manufacturing said: “The addition of GRCUK is a step forward in our Design for Manufacture and Assembly approach, giving Laing O’Rourke a well structured and financed organisation that is positioned strongly in the UK market to secure a large proportion of the GRC-specified work currently being tendered and awarded.

As an established business with a proven record, a good order book, fully equipped factory with great transport links, and a committed workforce, I believe this acquisition will enable us to tap into new areas of the market to develop a lightweight cladding product. With the financial resources of the Laing O’Rourke Group behind it, there is considerable scope for increasing the profitability of the business through the significant operating synergies we see with our core construction and infrastructure delivery business units.”

GRCUK employs 38 full-time staff at its facility in Dinnington, South Yorkshire. All staff will transfer with the acquisition and be retained in the business.

 

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