Fox Brothers Holdings (Fox Group) has announced the acquisition of J Fisher & Sons (Fishers), a company engaged in heavy haulage, road planing, and asphalt reprocessing in the UK, to boost its circular construction materials business.
Effective last month, this acquisition aligns with the Fox Group’s strategy to transform into a fully integrated materials provider, offering sustainable solutions to the construction sector.
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This takeover is the first by the Fox Group since its acquisition by Stellex Capital Management in September 2024. The move supports the company’s strategy to drive both organic and inorganic growth.
Fishers annually manages more than 200,000 tonnes of recycled asphalt planings (RAPs), which is expected to create synergies for the Fox Group.
The acquisition will enable the Fox Group to incorporate RAPs into its asphalt production process, with the new £4m ($5.48m) Leyland Asphalt plant set to open next month.
Fox Group CEO Paul Fox said: “This is an extremely exciting time for the company and this acquisition will further broaden our circular offering to customers bringing our annual use of recycled products to circa two million tonnes.
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By GlobalData“Fishers has a strong management team, and we welcome them and their colleagues as we continue with our expansion plans.”
Hill Dickinson acted as legal counsel for the Fox Group, with Close Brothers providing financial support. Meanwhile, Interpath advised Fishers on the sale, and Butcher Barlow served as its legal counsel.
Fishers director Colin Fisher said: “Joining the Fox Group will enable us to work with their expansive network and resources, providing significant opportunity to grow and meet the increasing demand for RAP.
“The support and partnership from the team at the Fox Group will help further our mission to drive circularity and sustainability throughout our business.”
The companies have not formally disclosed the financial terms of the deal.
