Eco Buildings has reversed into Fox Marble Holdings in an all-share deal that valued the acquired business at £30m and the combined company will change its name to Eco Buildings Group. Both companies are based in the Balkans. The cash raised in the placing will finance investment in the company’s facility ahead of starting to supply two large orders.
There is a significant opportunity in the modular buildings sector and Eco Buildings has its own IP, which makes the modules lighter and cheaper. Eco Buildings could potentially be an international business.
There was a 51-for-one share con...
