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News » UK » FM Conway makes second asphalt acquisition » published 5 Jan 2017

FM Conway makes second asphalt acquisition

FM Conway has acquired United Asphalt from owners Ross and Lisa Snape.

Inside FM Conway's Heathrow asphalt plant Above: Inside FM Conway's Heathrow asphalt plant

United Asphalt employs 32 staff and operates two asphalt plants: at Theale in Berkshire and Croydon in South London. It also has a recycling depot at Coltrop, Berkshire.

The acquisition comes soon after FM Conway’s purchase of Berkshire Macadam, and its two asphalt plants in Reading and Aldershot.

United Asphalt’s Theale plant is mainly a delivered plant, while the Croydon one has been successful in the collect trade, FM Conway said.

The Theale plant is rail fed and meets the company’s aspirations of having a rail facility to the west of London. Theale also allows cover further west along the M4 corridor. They both have 24 hour operations and are fairly new.  Coltrop is seven miles away from Theale and produces recycled materials.

Chief executive Michael Conway said that the United Asphalt acquisition would support the company’s growth in key markets: “This is an extremely exciting acquisition for us, which supports our self-delivery model and puts us into an excellent position to provide high-quality products on demand for our customers on both the strategic and local road networks.

“The new plants provide a much wider market spread for all divisions within our organisation, supporting both our existing contracts and future projects. The Croydon plant will support our delivery within and to the south of London.  Theale, together with our recently acquired Reading plant, now gives us excellent access to the M4 corridor and to the southwest of England.”

 

MPU

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This article was published on 5 Jan 2017 (last updated on 5 Jan 2017).

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