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Company Profile

Foster Yeoman

Foster Yeoman Limited, based near Frome, Somerset, England, was one of Europe's largest independent quarrying and asphalt companies. It was sold to Aggregate Industries in 2006.

History
The company was founded by Foster Yeoman, from Hartlepool, at Dulcote, near Wells, in 1923. He was a former ship owner and had worked in the iron and steel business. After the Second World War, with Foster Yeoman ailing, business declined and the company came full circle, returning to a £20,000 turnover it had enjoyed in 1923. During 1949, Foster died and his son, John Foster Yeoman, became a managing director at the age of 21. This development was followed by the building of the railhead depot and coating plant at Botley, Hampshire, in 1973. On its 75th anniversary, the company published a colorful pictorial history of the company with a focus on its use of railway transport to move the aggregate. The 1980s proved to be a time of substantial change and growth for the company; between 1982 and 1989, sales more than doubled to reach £87.1 million while the business' net assets trebled in valued to £28.3 million. When John Foster Yeoman suddenly died in 1987 he was succeeded by his widow, Angela Yeoman, who decided against selling the company despite numerous parties indicating their interest in purchasing Foster Yeoman. Foster Yeoman was responsible for the supply of aggregate in the construction of multiple landmark civil engineering schemes, including the Thames Barrier, M25 motorway and the Channel Tunnel. Having built up its substantial interests in Northern Europe, Foster Yeoman ran a locomotive on German railways from 1997 to 1999. Its other interests include civil engineering and recycling. During 1997, it acquired RJ Maxwell, an operator of a London-based asphalt works and wharves. Continuation of waterborne transport of aggregates on the Thames Tideway was also ensured by the acquisition of Bennetts Barges, which also carried major components of the London Eye and a decommissioned Concorde aircraft. In the early 21st century, the company's direction became muddled by protracted family disagreements. During 2006, Foster Yeoman was wholly acquired by the Holcim Group and was subsequently integrated into its Aggregate Industries subsidiary. ==Quarries==
Quarries
Torr Works (Merehead) Quarry John Yeoman bought the under-exploited Merehead Quarry in 1958. Torr Works' output was six million tonnes per year by 1992. Glensanda went into operation in 1986 when the first shipload of granite left for Houston, Texas, US. ==Rail operations==
Rail operations
shunter at the Torr Works Quarry Foster Yeoman transported the majority of its stone product from Merehead to various distribution points across the UK by train. leading to the firm negotiating with British Rail to improve service. Having already supplied its own wagons (with a reliability level of 96%) Foster Yeoman suggested to British Rail that it could operate its own locomotives, which would be the first privately owned engines to run on British rail tracks. British Rail's problem was the hard tie-in and control of the rail unions, but nevertheless it accepted the principle. What may in retrospect be viewed as the harbinger of private rail operation in Britain occurred in 1985 when Foster Yeoman opted to purchase a number of powerful freight locomotives from the American conglomerate General Motors' Electro-Motive Diesel division (GM-EMD), designated . These were procured to be exclusively used on its mineral trains. Although owned and maintained by Foster Yeoman, the Class 59s were manned by British Rail staff. During acceptance trials, on 16 February 1986, locomotive 59001 hauled a train weighing 4639 tonnes – the heaviest load ever hauled by a single non-articulated traction unit. Foster Yeoman's Class 59s proved to be extremely reliable, promptly encouraging other firms, such as the rival quarry company ARC and privatised power generator National Power to also purchase their own fleets of Class 59s to haul their own trains. Foster Yeoman and ARC agreed in 1993 to create Mendip Rail. This was a joint venture company which combined their locomotives and rolling stock in one streamlined operation and was the third largest freight company in the UK. It was particularly active in the southern region, where the former Foster Yeoman terminals at and are present, as well as delivering aggregates for construction work on various major projects, including the Thames Barrier, Second Severn Crossing, Channel Tunnel, and Heathrow Terminal 5. ==References==
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