April 25, 2024

Northern Irish concrete business goes on market with asking price of over £1.5m

Northern Irish concrete maker, Smith Concrete, including its substantial site and production facility, has been put up for sale as a going concern with an asking price of over £1.5m. The sale of the established family business is being managed by Bradley NI, the leading property agency which has offices in Newry, Belfast, Warrenpoint and Rostrevor.

Based at Greenbank Industrial Estate, Smith Concrete is a highly-successful mini-mix concrete firm operating across the island of Ireland. It was established in 1984 by James Smith, a bricklayer who saw a market for the manufacture and supply of high-quality concrete products. Today it employs over 17 people.

Managing Director of Smith Concrete Jim Smith, Managing Director of Bradley NI Smith Concrete, and Director of Smith Concrete Niall Smith

In addition to the successful trading business, the sale includes the company’s 2.1 acre site, its 7,500 sq ft production facility, a concrete batching plant, a modular main office building, an admin facility building, and machinery, equipment and vehicles.

Garrett O’Hare, Managing Director of Bradley NI, said: “This is a very successful trading business with a track record spanning over 40 years that the owners have decided to put on the market due to retirement. It is a rare opportunity for an interested party to acquire a company in this sector with such an established brand, strong client base, and expert team. We anticipate keen interest and would expect the asking price to be exceeded.”

Jim Smith, Managing Director at Smith Concrete, commented: “We are excited to announce that Smith Concrete is now for sale as a going concern. We are proud of having grown the company to what it is today and believe the sale represents a fantastic opportunity for someone to take the business on, and take it to the next level. We are very pleased to appoint Bradley NI to manage the sale and thank them for the benefit of their expertise and support.”