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moreRSM performed the buy-side financial due diligence for Basaltes, one of the leading independent French quarries, during its acquisition of the Ceccon Frères Group, a Savoy-based company specializing in the production of aggregates for the construction industry.
Led by Benoît Coustaux and Eric Fougedoire, RSM partners, the team was composed of Antoine Pierre, Loic Van Cauwelaert, and Pierre de la Morinerie.
Through this transaction, the Corporate Finance division strengthens its positioning with mid-sized companies (ETIs) as well as in the construction sector.
Basaltes acquires Ceccon Frères
Basaltes, the leading independent French quarry operator and one of the major players in the materials sector, announced at the beginning of January its acquisition of Ceccon Frères, a company expert in aggregate production in Savoie and Haute-Savoie.
The company’s core business involves the extraction of materials from which aggregates are produced, small pieces of rock used in civil engineering, building, and public works projects. Basaltes, an independent group of 450 employees based in western France, operates in a decentralized manner around four subsidiaries, which together manage 100 sites: Carrières de Vignats et de Normandie (CVN), Carrière de l’Ouest (SCO), Ligérienne Granulats (LG), and Carrière de Thiviers (CDT).
Ceccon Frères becomes the fifth subsidiary of the group. The acquisition represents a strategic move, enabling Basaltes to establish itself in the Auvergne-Rhône-Alpes region. The integration of the subsidiary within Basaltes has been entrusted to Eric Liglet. Thierry Ceccon, the current CEO of Ceccon Frères, will take on the role of Chairman of the Supervisory Board and will oversee the subsidiary’s land and property projects.
Basaltes is one of the leading independent French quarry operators. The company has been extracting materials needed for civil engineering works for over a century. The Group produces 12 million tons of aggregates annually. It is also a major player in the railway transportation of aggregates, representing 15-20% of aggregate traffic in France. An independent, family-run company with nearly 450 employees and around 100 sites across the country, the group operates through four subsidiaries:
- Carrières de Vignats et de Normandie (CVN), in Normandy
- Carrières de l’Ouest (SCO), between Brittany and the Pays de la Loire
- Ligérienne Granulats (LG), in Centre-Val de Loire
- Carrière de Thiviers (CDT), in Nouvelle-Aquitaine
Based in Annecy, Ceccon Frères is a company specializing in the production of aggregates for the construction industry. It employs around 60 people across five extraction sites, five ready-mix concrete plants, four backfilling sites, and two storage platforms.
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In France, RSM, a significant player in audit, accounting, and consulting services, operates in key regional economic hubs, with offices in Paris, Lyon-Chambéry-Grenoble, Montpellier-Nîmes, Nantes-Laval, Strasbourg-Colmar, Réunion Island, and Mayotte. RSM employs over 1,200 professionals across the country and continues to expand regionally. The group has structured its multidisciplinary offering around five areas: Audit, Accounting, Consulting, HR & Payroll, and Legal & Tax Advisory.
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