FM Conway expands again with United Asphalt acquisition

Leading infrastructure services company FM Conway LTD, has acquired 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 highly successful in the collect trade. Croydon also gives better coverage south of London, together with a recycling depot at Coltrop, Berkshire. 

The Theale plant is rail fed and completes the company’s aspirations of having a rail facility to the west of London. Theale also allows cover further west along the M4 corridor. They both have 24 hour operations and are fairly new. Coltrop is seven miles away from Theale and produces recycled materials. 

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. The acquisition provides FM Conway with a much wider market spread for all divisions within the organisation.

Michael Conway, chief executive of FM Conway, said that the United Asphalt acquisition would support the company’s growth in key markets: “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,” said Conway.