# INTERVIEW: SigmaRoc Plc First quarter very positive

- Link: https://www.directorstalkinterviews.com/interview-sigmaroc-plc-first-quarter-positive/412726805
- Published: 2017-04-06T07:36:33+01:00
- Author: Giles Arbor

**SigmaRoc Plc** (LON:SRC) CEO Max Vermorken catches up with DirectorsTalk to talk
a little bit about the company and where it’s headed. Max provides us with an overview
of the sector and its dynamics, how the company is positioning itself in the sector,
it’s focus, it’s new subsidiary and why its key for the business and what to expect
from the company going forward.

 

SigmaRoc Plc is an AIM quoted company pursuing a buy-and-build strategy in the construction
materials sector. Launched on 22 August 2016, SigmaRoc brings together a highly 
experienced management team. In January 2017, the company completed its first acquisition
via the £45 million purchase of Ronez Limited from Aggregate Industries, part of
the LafargeHolcim Group. Ronez is a fully integrated and leading producer of construction
materials in the Channel Islands.

Ronez currently operates two quarries, St John’s Quarry in Jersey and Les Vardes
Quarry in Guernsey, as well as multiple associated and downstream businesses on 
both islands, producing a full range of construction materials for sale into the
local market, including aggregates, ready mixed concrete, asphalt, precast concrete
products and cement, as well as providing certain services, including road contracting.
Ronez currently has approximately 3.36Mt of Proved Mineral Reserves (consented) 
and 6.22Mt total Mineral Resources (unconsented). In 2015, Ronez recorded revenue
of £26.3 million, EBITDA of £5.0 million and profit before tax of £2.94 million.

Ronez is a cash-generating and profitable business, with an established track record,
providing SigmaRoc with a platform to accelerate its growth within the construction
materials sector.

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