Second asphalt acquisition for FM Conway

FM Conway has acquired United Asphalt, building on the company’s recent purchase of Berkshire Macadam.

Last month FM Conway boosted its asphalt capacity with the acquisition of Berkshire Macadam Ltd, but the firm has now purchased United Asphalt from Ross and Lisa Snape.

United Asphalt employs 32 staff and operates two asphalt plants, Theale in Berkshire which is a mainly delivered plant and Croydon in South London which has been successful in the collect trade. Croydon also gives better coverage south of London, together with a recycling depot at Coltrop, Berkshire.

According to the company, the locations of Coltrop and Theale complement FM Conway’s recent acquisition of Berkshire Macadam and provide a stepping stone into the south west of England.

Michael Conway, CEO of FM Conway, said: “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 south west of England.”