Citigate Dewe Rogerson handles Ibstock’s IPO
Brick manufacturer Ibstock has hired Citigate Dewe Rogerson as its financial PR adviser to provide comms support for its main market listing on the London Stock Exchange.
Ibstock, which has a 40% share of Britain’s clay brick market, is one of the country’s largest brick makers. The company also owns subsidiary Glen Gery in the United States.
The brick maker, which also manufactures concrete products through its Forticrete and Supreme businesses in the UK, plans to raise £100 million from its float which it will use to support growth and “invest in new capacity”.
Directors Kevin Smith and Simon Rigby are leading the Citigate Dewe Rogerson team, with support from Nick Hayns and Ellen Wilton.