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65: STEETLEY DOLOMITE

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There’s quite a history to this Nottinghamshire-based company. Steetley Dolomite had been supplying dolomitic lime and dead-burnt dolomite products, used in the creation of steel, for years before it was acquired by the Redland Group in 1992. In 1998, Lafarge SA acquired Redland and established Lafarge Lime. In 2004, Lafarge’s UK lime business was bought by the management team of Graham Edwards, John Carlill and Bradley Boulton, and Steetley Dolomite Limited was reborn. Sales have increased from £7.8m to £26.5m, although Edwards is quick to point out that, with the MBO having been completed in September 2004, the £7.8m figure relates to four months’ trading, hence the large increase the following year. Compound growth over the period is 50.3 per cent.

www.steetleydolomite.com

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