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Adelaide Brighton has shown interest in acquiring Penrice Soda Holding’s Angaston quarry.
Adelaide Brighton has shown interest in acquiring Penrice Soda Holding’s Angaston quarry.

Is Adelaide Brighton eyeing off limestone quarry?

An operator that has been forced to put its quarry up for sale may soon find a buyer for the asset as a major construction materials supplier reportedly shows interest.
As previously reported by Quarry, Penrice Soda Holdings was placed into voluntary administration in April this year.

The South Australian-based company produces sodium bicarbonate, quicklime, and limestone for the domestic market, and exports sodium bicarbonate internationally. It used to supply soda ash but shut down its soda ash production facility in June 2013, citing “increasingly difficult domestic trading conditions and increasing costs”.

One of the assets that is up for sale as part of the administration is Penrice’s limestone quarry at Angaston, which has reportedly caught the eye of major construction material supplier Adelaide Brighton.

The Australian Financial Review last week reported that Adelaide Brighton is one of the companies that are conducting due diligence on the quarry, and that it is believed to be one of the shortlisted bidders. 

Adelaide Brighton was amongst the quarry’s major customers and also owns and operates a cement plant that is located nearby. Given that the company is also located in South Australia, if it were to acquire the quarry, it is likely that fewer jobs would be lost as a result of the sale.

The company has until 25 June to submit a bid. 

Source: Australian Financial Review, Penrice Soda Holdings

Tuesday, 25 September, 2018 01:24pm
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