The deal complements Brickability’s existing cladding portfolio which  includes Taylor Maxwell Cladding, SBS Cladding, and Architectural Facades and gives the group a full range of cladding capabilities including design, fabrication, supply, and installation.

The £45m acquisition will also significantly increase the group’s presence in the cladding remediation market.

Scottish-based contractor Topek installs cladding and rainscreen systems and in the 12 months to 31 August 2023 generated unaudited revenue of £21.2m and adjusted EBITDA of c.£8m.

The move continues Brickability’s diversification as its core market is hit by a decline in house building.

Current trading is in line with expectations but Brickability is braced for a continued housing decline for the rest of the financial year.

Alan Simpson, CEO, Brickability, said: “We’ve seen in our Bricks and Building Materials division how cladding products supply has gone from strength to strength. With Topek, which will sit in our Contracting division, we will be building on that and expanding our existing product and services range into supply and installation as we continue to pursue our diversified multi-business strategy.

“The team is excited about the new opportunities this brings and we’re looking forward to welcoming and working alongside Topek’s team of experts.”

Douglas Bryce, Managing Director, Topek, added: “We are excited to be joining the Brickability Group, adding our excellent product to their portfolio and allowing us the opportunity to provide our clients a broader offering of solutions.  The team at Brickability has built a formidable operation and we look forward to working alongside them in exploring new opportunities.”