Baggeridge Brick
| Industry | Building materials |
|---|---|
| Founded | 1944 |
| Defunct | 2007 |
| Fate | Acquired |
| Successor | Wienerberger |
| Headquarters | Manchester, UK |
Baggeridge Brick was a British manufacturer of bricks, and was the UK's fourth-largest manufacturer of bricks during the 2000s. It became a subsidiary of the world's biggest brick manufacturer, Wienerberger AG, in late 2007.
History
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The Baggeridge Brick Company was founded near Baggeridge Country Park in Staffordshire. It was incorporated on 7 April 1944.[1] It first began making bricks in Worcestershire. It was headquartered in Gospel End in South Staffordshire.[2]
During 1996, a temporary production stoppage was enacted due to a short term collapse in brick demand across the UK's construction sector, which negatively impacted fiscal results for that year.[3] In September 1998, Baggeridge purchased rival manufacturer Rudgwick Brick in exchange for £2.25 million.[4]
During 2001, the company launched several new product ranges, including a new fast cladding option.[5][6] By 2002, Baggeridge was the final independent brick producer in Britain.[7]
In February 2004, Baggeridge announced that a planned refit of its factory would lead to increased profitability.[8] During 2005, Baggeridge's profits were negatively impacted by a wider slowdown in Britain's housing market as well as increased production costs, the latter being attributed to higher energy prices.[9][10]
In August 2006, Baggeridge received an offer from the Austrian company Wienerberger AG, the world's largest producer of bricks, to purchase it in exchange for £89.2 million. At the time of the transaction, Baggeridge held a 9 percent share of the British market, making it the fourth largest brick manufacturer in the country; around this time, the wider sector was also undergoing consolidation.[11][12] In June 2007, in response to Michelmersh, another brick manufacturer, publicly declaring its interest in launching its own bid for Baggeridge, Wienerberger purchased a majority of the firm's shares and increased its offer to 247p per share.[13][14] In late 2007, the acquisition was completed after the UK's Office of Fair Trading referred the matter to the Competition Commission.[15][16] By January 2008, it had been fully integrated with Wienerberger's other UK operations, which made it the third largest brick manufacturer in the UK.[17][18]
Structure
[edit]The resulting company is presently headquartered in south Manchester.[citation needed]
References
[edit]- ↑ "BAGGERIDGE BRICK LIMITED". Companies House. Retrieved 10 May 2026.
- ↑ "South Staffordshire District Council Planning". Archived from the original on 1 December 2017. Retrieved 27 November 2017.
- ↑ "Baggeridge tumbles". constructionnews.co.uk. 30 May 1996.
- ↑ "Baggeridge in pounds2m deal". constructionnews.co.uk. 10 September 1998.
- ↑ "IN STOCK – BRICKS AND BLOCKS". constructionnews.co.uk. 5 July 2001.
- ↑ "Baggeridge speeds cladding options". constructionnews.co.uk. 1 November 2001.
- ↑ "Profits halve at Baggeridge". constructionnews.co.uk. 23 May 2002.
- ↑ "Brick bounces". constructionnews.co.uk. 12 February 2004.
- ↑ "Slow housing market hits Baggeridge". constructionnews.co.uk. 15 July 2005.
- ↑ "Baggeridge feels energy price pain". constructionnews.co.uk. 14 December 2005.
- ↑ "Company spotlight: Baggeridge". constructionnews.co.uk. 24 August 2006.
- ↑ "Wienerberger bids to buy Baggeridge Brick for £89.2m". constructionnews.co.uk. 18 August 2006.
- ↑ "Brick firm takeover". building.co.uk. 22 June 2007.
- ↑ "Michelmersh considers stake in Baggeridge Brick". building.co.uk. 16 February 2007.
- ↑ "Anticipated acquisition by Wienerberger Finance Service BV of Baggeridge Brick plc" (PDF). Office of Fair Trading. 19 December 2006.
- ↑ Cushnie, Lorraine (11 December 2006). "OFT delays Baggeridge Brick sale". building.co.uk.
- ↑ "All that matters". constructionnews.co.uk. 3 September 2008.
- ↑ Ainsworth, David (2 January 2008). "Wienerberger completes Baggeridge integration". constructionnews.co.uk.
