UK-based Breedon Aggregates has acquired a 50% stake in H V Bowen - owner and operator of the Tan-y-Foel quarry in Welshpool, mid-Wales. The acquisition gives Breedon a stake in 3.4 million tonnes of what the firm says is strategically important high ‘polished stone value’ (PSV) aggregates.
UK-based Breedon Aggregates has acquired a 50% stake in H V Bowen – owner and operator of the Tan-y-Foel quarry in Welshpool, mid-Wales.
The acquisition gives Breedon a stake in 3.4 million tonnes of what the firm says is strategically important high ‘polished stone value’ (PSV) aggregates.
PSV aggregates are very scarce and Tan-y-Foel has, said Breedon, some of the highest quality reserves in the country. “High PSV stone has a high skid resistance and is therefore in great demand for surfacing roads with heavy traffic flows,” Breedon added upon announcing the acquisition move.
Breedon’s H V Bowen deal includes the company’s interest in a ready-mixed concrete facility. H V Bowen will keep its name following the deal.
Already owning a sand and gravel quarry near Mold in North Wales, Breedon’s joint venture with H V Bowen expands the company’s operations into the middle of the country for the first time.
