The Cambridge based company has a 130 year legacy of materials innovation dedicated to the advancement of quality, sustainability and performance in the construction industry.
David Ball Group will use the investment to further develop its PUDLO brand –a technically advanced concrete waterproofing system – and to fund the commercialisation of its new patented product, CEMFREE.
CEMFREE is an award-winning, ground breaking cement replacement technology enabling the production of structural concrete without the need for Portland cement, a constituent of traditional concrete, which accounts for 5-7% of man-made CO2 emissions globally.
Both David Ball Group and Wheatsheaf believe CEMFREE will help the construction industry to lower its environmental impact by reducing the amount of carbon in structural concrete worldwide.
David Ball, Founder and Chairman, said: “We are delighted with the investment by Wheatsheaf. We were keen to find an experienced and dynamic investor who would not only bring skills to the board but assist with accelerating the growth of the business in the UK and overseas. Wheatsheaf has a strong focus on investing and supporting sustainable technologies and shares our belief that CEMFREE provides a significant opportunity for reducing carbon emissions within the construction sector. The level of interest generated by CEMFREE demonstrates the determination of the Global cement and concrete industry to reduce its environmental impact with innovative business-led solutions.”
The Wheatsheaf Group was established as the investment arm of the Grosvenor Estate in 2012. Wheatsheaf is actively investing into businesses that will contribute solutions towards meeting the global challenge brought about by a rapidly changing world population and its demands for food, energy and water in an increasingly resource constrained environment.
Anthony James, Wheatsheaf’s Chief Investment Officer, said: “We are very excited at the prospect of working with David Ball Group to accelerate the development of the business. David Ball Group is an established business which in CEMFREE has developed a new product which has the potential to revolutionise the construction industry, both in the UK and globally. The investment into David Ball Group aligns with our strategy to invest into businesses and technologies which provide commercially viable solutions, to address the global challenges a growing population places on the demand for resources, and the impact exploiting these resources can have on the natural environment.”
This article appeared in the following publications both online and print: Cambridge News, Global Cement Magazine, Insider Media, Pro Landscaper Magazine, World Cement, Espandar, Business Desk and Business Weekly.
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