The £15m deal will be settled in cash with Breedon will also assume Huntsmans’ debt of up to £2m.

It gives Breedon access to the affluent and buoyant Cotswolds market, together with a new presence in the north Worcestershire concrete market.

Huntsmans operates a substantial limestone quarry and ready-mixed concrete plant at Naunton, together with a second ready-mixed concrete plant at Evesham in Worcestershire and a fleet of 20 haulage and mixer trucks.

It owns three further quarries near Naunton which are currently dormant.

In 2013 the business sold over 300,000 tonnes of aggregates and generated sales of £8m, making an operating profit of around £2m.

The business has performed well in 2014 with year-on-year revenues ahead in the first quarter.

In total, Naunton has planned mineral reserves of 4m tonnes and potential further resources of 6m tonnes.

Breedon’s chairman, Peter Tom CBE, said: “We see great potential both for the quarry and for the newly refurbished concrete plant at Evesham, which has just reopened, and also expect to secure some useful synergies and cost savings.

“This is exactly the kind of acquisition we’re always on the lookout for.

“It builds our regional presence, extends our product range and gives us access to new markets, whilst adding further value for our shareholders.”

He added that Breedon was on the look-out for other similar opportunities elsewhere in the UK.