The plan will be put to shareholders for approval at the companys annual general meeting on 20 April.
Breedon Aggregates' stated strategy is to grow via consolidation of the heavyside building materials sector. Since the reverse takeover of Breedon Holdings Ltd in 2010, the company has made two bolt-on acquisitions - C&G Concrete and Nottingham Readymix - for a total of £11.7m. Breedon continues to seek opportunities to acquire similar businesses and is in discussion with a number of potential vendors.
It also has its eye on any fall-out from the on-going Competition Commission investigation into the aggregates, cement and ready-mix concrete markets in Great Britain. A potential outcome is that a larger company may be directed to make a disposal of certain assets.
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