Breedon Aggregates has bought a 50-per-cent stake in H V Bowen & Sons (Holdings) Limited, the owner and operator of Tan-y-Foel quarry near Welshpool.
The investment provides the UK independent business interest in approximately 3.4 million tonnes of high ‘polished stone value’ (PSV) aggregates, which is in great demand for surfacing roads with heavy traffic flows.
The business will continue to trade as H V Bowen and will be jointly managed by Breedon Aggregates England Limited and the Bowen family, who have owned and operated the quarry for more than 70 years.
Breedon already owns a sand and gravel quarry near Mold in North Wales and the joint venture with H V Bowen expands the company’s operations into mid-Wales for the first time.
Tim Hall, chief executive of Breedon Aggregates England, said: “We’re pleased to have secured access to some of the highest quality PSV stone in the country, which will provide a ready supply of this key aggregate to our asphalt plants.
“It will also enable us to extend our reach into an important new market for aggregates and readymix.”
The investment has been funded in cash from the Group’s own resources.