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Adelaide Brighton described the Angaston quarry acquisition as a “good strategic fit”.
Adelaide Brighton described the Angaston quarry acquisition as a “good strategic fit”.

Cement giant buys Angaston quarry

One of Australia’s largest construction material manufacturers has added a limestone quarry to its assets.

The Angaston quarry is located in South Australia’s Barossa Valley, not far from Adelaide Brighton’s cemented lime manufacturing facility, which produces lime, off-white cement and other speciality cement products.

The quarry was formerly owned and operated by embattled raw materials supplier Penrice Soda Holdings which went into voluntary administration in April this year. Adelaide Brighton was amongst the quarry’s major customers and a company spokesperson told Quarry that this was a large part of the reasoning behind the acquisition.

“Raw materials for our cement and lime manufacturing plant came from the Penrice Angaston quarry. Penrice has a high quality deposit with a low iron limestone that is suitable for manufacturing the speciality off-white cement that we make,” the spokesperson explained.

“When the quarry became available as a result of the company gong into liquidation, we saw an opportunity to secure the raw materials to feed our Angaston plant. It is a very good strategic fit for us.”

Sam Davies, who is a partner at McGrathNicol, the firm that was appointed as administrator of Penrice, told ABC News that the transaction had preserved a “significant number of local jobs”.

However, when Quarry asked the Adelaide Brighton spokesperson for further details, she said that at this stage, it was too early to tell.

“We’re currently working through a number of issues that covers employees, suppliers, customers, etc. However, we do want to operate the facility as a going concern,” she said.

The agreement, which was signed last week, is expected to be finalised this week on Wednesday 30 July.


New buyer sought for lime producer
Is Adelaide Brighton eyeing off limestone quarry?

Wednesday, 21 March, 2018 02:58am
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