Haverfordwest-based Carreg Construction has been acquired by its employees. The company, which currently employs 21 people, has been sold by its founders Andrew and Sue Phillips.
The building firm, which was set up by in 2003, has worked on projects including the cloisters in St David’s Cathedral, Oriel Y Parc Gallery and Lexden House in Tenby.
Following more than 40 years in the building trade Mr Phillips will stay on as a company director, and continue to help grow and steer the business with the help of his fellow directors. An open sale was considered before revisiting pre-pandemic original plans for staff to acquired the firm via an employee ownership trust (EOT) . The value of the deal has not been disclosed
