FM Conway buys asphalt business

Grant Prior 8 years ago
Share

Infrastructure services company FM Conway has bought Berkshire Macadam Ltd to boost its in-house supply of bitumen and asphalt.

Berkshire Macadam employs 13 staff and operates two asphalt plants at Reading, Berkshire and Aldershot, Hampshire.

Latest accounts for the company for the year to January 2016 show it had a turnover of £7.8m and made a pre-tax profit of £3.2m.

Conway said the acquisition is part of its strategy to ensure it is well positioned to boost asphalt supply for highways customers operating on both the strategic and local road networks.

The two new plants, which produce a total of 80,000 tonnes a year, will complement FM Conway’s existing facilities at Erith and Heathrow.

Michael Conway, CEO of FM Conway, said: “Continued investment in our plant infrastructure underpins our self-delivery model.

“This acquisition will strengthen our production capability and ability to provide customers with greater network coverage and the added security that comes hand-in-hand with on-demand access to high-quality materials.

“These two new plants will build on the success of our Erith and Heathrow facilities which have set a benchmark for asphalt recycling, ensuring that our clients can leverage the environmental and economic benefits which come from resource efficiency.”

Latest news

Former Keltbray managers jailed after corruption trial

Jail sentences following bribery probe on jobs including Battersea Power Station
15 hours ago

Green light for £150m West End office revamp

Shaftesbury Avenue office retrofit retains 75% of original building
3 hours ago

Lidl pumps £500m into store and logistics expansion

Discounter plans 40 new stores this year as expansion ramps up
4 hours ago

JJ Rhatigan UK profit jumps as turnover tops £150m

Irish contractor's expansion in England gathers pace
4 hours ago

Driverless digger to be used on Taylor Woodrow site

Autonomous excavator to work at Manchester Airport after successful trial
4 hours ago

MCS Build lands Basingstoke warehouse scheme

Construction starts this month after £26m funding deal
4 hours ago

Leeds United unveil stadium revamp design

Club has still to set a timeframe for staged Elland Road upgrade
12 hours ago

Bowmer & Kirkland boosts margins as profits surge to £69m

Revenue nudges up towards £1.3bn in year of expansion
1 day ago

Offshore construction starts on £4bn windfarm

Foundations for first of 95 turbines installed: Watch video
1 day ago

AECOM buys civils consultant Allen Gordon

Global giant acquires Scottish water and energy specialist
1 day ago

Plans in for £1bn Northern Gateway site in Manchester

Plan for 500-acre manufacturing and logistic park advance
1 day ago

RED wins £31m London Shoreditch student digs job

Two extra floors will be added to Willen House scheme
1 day ago

Deconstruct handed £12m Grenfell demolition

Firm maintaining building awarded job without bid race to speed process
1 day ago

Sizewell site workers get made to measure PPE

Bespoke fitting service on offer at new Bryson branch
1 day ago

Comment: Gateway is acting like a barricade

Contractors left banging their heads on an (unbuilt) brick wall
4 days ago

Final phase of £1.5bn Elephant and Castle revamp hits planning

Get Living submits revised plan for 500 homes and 450-bed student block
5 days ago

Ealing backs final phase of £1.3bn estate rebuild

Friary Park estate rebuild in Acton reaches end stage
4 days ago

Green light for scaled-down Nottingham student tower

Glasshouse Street scheme will deliver 247 student rooms
4 days ago

Aston Villa to revamp North Stand

Club to reuse existing structure rather than complete rebuild
5 days ago

Mace signs ex-ISG director to lead Euro health and tech push

Gary Sweeney to head up healthcare and life sciences consultancy arm
4 days ago

Sir Robert McAlpine claws way back into profit

Firm says return to profit and strong cash balance validates new strategy
5 days ago

Severfield to cut staff by 6% amid pricing pressure

Steelwork contractor warns of extended tighter pricing due to project delays
5 days ago

JRL completes sale of 50% stake to Malaysian giant IJM

Deal boosts balance sheet and kicks starts growth plan
5 days ago

Green light for £100m Liverpool Baltic station build

Enabling highway works to start in the autumn
6 days ago

First live tests for flying construction robots

Drones can lay construction materials at height on site
5 days ago

Three firms land £170m Gentoo Sunderland housing deal

PHS Solutions, Esh and RE:GEN to deliver 10-year home upgrade plan
6 days ago

Gateway gridlock hits build-to-rent delivery as starts nosedive

Build to rent starts plunge 18% in the capital
6 days ago

Call to shift Gateway 2 checks to end building bottleneck

"The current system isn't working but we all want to see safe buildings"
6 days ago

GBN launches £600m bid race for SMR engineer roles

Owner engineers to provide technical and assurance services
6 days ago

Wates hires ex-Homes England chief to head public sector push

Robert Stone to spearhead its public sector and national frameworks strategy
6 days ago

Contractor services