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Quarry business sells for $203m

Quarry business sells for $203m

Phil Breden Ashurst

Two firms have advised on Hanson Construction Materials' acquisition of Rocla’s sand quarry business, Rocla Quarry Products.

Firms: Ashurst (Rocla Pty Limited); King & Wood Mallesons (Hanson Construction Materials Pty Ltd)

Deal: Hanson Construction Materials Pty Ltd acquired Rocla Pty Limited

Value: $203 million

Area: M&A

Key Players: The Ashurst team was led by partner Phil Breden (pictured), who was joined by Katie Winterbourne, Barbara Phair, Peter McCullough, Bill Reid, Jennie Mansfield, Rehana Box and Con Tzerefos.

Deal Significance: Fletcher Building Limited subsidiary Rocla Pty Limited has sold the Rocla Quarry Products business to major heavy building material supplier Hanson Construction Materials for $203 million.

Rocla Quarry Products operates in New South Wales, Victoria, South Australia and Western Australia.

Fletcher Building Limited will continue to operate Rocla Quarry Products until the transaction is completed in January 2016.

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