Breedon expands into mid-Wales through joint venture
Published: 03 September, 2014
Breedon Aggregates has acquired a 50% interest in H V Bowen & Sons (Holdings), the owner and operator of Tan-y-Foel quarry near Welshpool. The investment has been funded in cash from the group’s own resources.
The quarry will provide Breedon with an interest in approximately 3.4m tonnes of high ‘polished stone value’ (PSV) aggregates. Sources of high (+68) PSV aggregates are very scarce and Tan-y-Foel has some of the highest quality reserves in the country. High PSV stone has a high skid resistance and is in great demand for surfacing roads with heavy traffic flows. H V Bowen also operates a ready-mixed concrete plant.
The business will continue to trade as H V Bowen and will be jointly managed by Breedon Aggregates England 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.
Commenting on the investment, 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 ready mix.”