Coltman specialises in making hollowcore flooring panels and staircases at its 9.25-acre facility in Sutton Coldfield.

The deal will allow Ibstock to extend its current range and raise manufacturing capacity to support its flooring and structural concrete growth plans.

Established in 1972, Coltman Precast’s central location complements Ibstock’s existing flooring factories in the South (Sittingbourne) and the North (Dewsbury), enabling the business to competitively deliver a full portfolio of precast concrete products at a national level.

Tim Wright, commercial sales operations director at Ibstock, said: “The acquisition of a brand as well-known and respected as Coltman Precast is a significant milestone for Ibstock.

“We believe it further increases Ibstock Group’s ability to manage the short-term challenges which are being impacted by the wider economic climate, whilst helping us plan and work towards longer term success.”