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The acquisitive Blackpool-based group, backed by investor Stellex Capital Management, said the deals would strengthen its ability to control more of the construction supply chain from materials production through to on-site delivery and recycling.<\/p>\n
Carlisle-based DSD Construction employs around 140 staff and last posted turnover of about \u00a345m with pre-tax profit of \u00a34.4m.<\/p>\n
Founded in 1993 by the Nugent family, DSD specialises in highways surfacing, cold milling and associated civils infrastructure work across highways, rail, nuclear, aviation, water and defence sectors.<\/p>\n
Fox said DSD\u2019s surfacing operations would help drive demand for aggregates and asphalt across the wider group while expanding its reclaimed asphalt recycling capability.<\/p>\n
The contractor\u2019s cold milling operations will allow more reclaimed asphalt planings to be recovered directly from projects before being recycled back into new asphalt through Fox-owned businesses including J. Fisher & Sons and NMS Civil Engineering.<\/p>\n
Alongside the DSD takeover, Fox has also bought Lancashire-based Moore Readymix, a family-run ready-mix concrete supplier operating batching plants at Walton Summit in Preston and St Annes in Blackpool.<\/p>\n
Founded by Roy Moore more than 20 years ago, Moore Readymix supplies all grades of ready-mixed concrete alongside its specialist MooreMinimix service for smaller pours across construction, agriculture and domestic markets.<\/p>\n
The group described the combined acquisitions as another step towards building a \u201cclosed-loop circular model\u201d designed to reduce virgin aggregate use, lower embedded carbon and improve operational efficiency.<\/p>\n
The DSD acquisition is Fox Group\u2019s fourth since Stellex invested in the business and is understood to be its biggest deal so far.<\/p>\n
DSD will continue to trade under its existing brand with founder Shaun Nugent remaining as chief executive alongside managing director Martin Tweddle.<\/p>\n
Paul Fox, chief executive of Fox Group, said the latest acquisitions marked another major step in expanding the group\u2019s integrated infrastructure platform across materials, distribution and construction services.<\/p>\n<\/p><\/div>\n