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Brick stocks slip to record low after strong demand from builders

Brick layer

Brick stocks in the UK have hit their lowest level on record as merger fever grips the sector. Stockpiles of bricks dipped to 323m at the end of October, down almost a third from 500m in 2012, after stocks of more than 1bn were recorded in 2009, according to monthly figures from the ONS and the Department for Business, Innovation and Skills. The UK brick sector has seen a spate of deals recently – CRH has agreed to sell its Ibstock Brick business and three other divisions for £414m in cash and debt to Bain Capital; and HeidelbergCement has sold its brickmaking business for a purchase price of $1.4bn to Lone Star.

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