Infrastructure services company FM Conway Ltd has boosted its asphalt production and logistics capabilities with the acquisition of two companies.
Following its acquisition of Berkshire Macadam last month, the firm has now bought United Asphalt, which operates asphalt plants at Theale, Berkshire and Croydon in South London and a recycling depot at Coltrop, Berkshire.
FM Conway's Erith plant
It said the location of the new site in Berkshire helps ‘provide a stepping stone into the south west of England’.
CEO Michael Conway said 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,’ he said.
Berkshire Macadam operates asphalt plants at Reading, Berkshire and Aldershot, Hampshire.
FM Conway said the two plants produce a total of 80,000 tonnes a year.
The new acquisitions mean that FM Conway’s now has six asphalt plants. Its existing facilities at Erith and Heathrow have a combined capacity of more than 700,000 tonnes of asphalt per year.