Ashley Group is pleased to announce the acquisition of a controlling stake in Froland Stein, a premier Norwegian quarrying business, through a Joint Venture with Avelios.

This acquisition integrates Froland’s three regulated mining concessions and specialized workforce of 30 professionals into Ashley’s global logistics and trading network. A key strategic driver is Froland’s ability to provide high-density rock products essential for the renewable energy industry, supporting critical offshore infrastructure and sustainable development projects.

The JV leverages the institutional strength of Avelios, an FCA-regulated manager within the FREO Group (€6bn+ track record). By combining Ashley’s versatile supply chain expertise with Avelios’ asset management and Froland’s specialized aggregates, we are uniquely positioned to meet the evolving demands of the green energy sector. This partnership underscores our commitment to delivering tailored, high-value solutions within the global trade flow.