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Boral has annouced an acquisition of Culcairn Quarry in NSW that will secure the supply of integrated downstream concrete and asphalt operations for more than 20 years.
Leading construction materials company Boral Limited (Boral), has announced the recent acquisition of Culcairn Quarry in southern NSW, located 50 kilometres north of the NSW/Victorian border city of Albury-Wodonga.
The 110-hectare operation has high-quality rock resources that will secure the supply of Boral’s integrated downstream concrete and asphalt operations for more than 20 years.
The Albury-Wodonga and Wagga Wagga regions are projecting further growth, including large renewable energy projects requiring significant volumes of quarry materials. The strategic acquisition will enable Boral to build its long-term position in the region and continue to support its customers.
Vik Bansal, CEO of Boral, says “Boral is committed to strengthen our positioning in both upstream and downstream assets to better support our customers as part of our Good to Great strategy. We have operated the quarry for over 25 years under a lease arrangement, so when the opportunity arose to acquire the quarry land, it made sense.
“Albury-Wodonga has a healthy pipeline of projects, and is naturally, a key region for Boral. This acquisition enables us to extend our high-quality reserves and continue supporting the community and supplying to local infrastructure projects. We are excited to maintain our operations in the area, and thank our employees, contractors and suppliers for contributing to the success of the quarry.”
The Culcairn Quarry operations employs around 14 people. Prior to the acquisition, Boral operated the quarry under a lease arrangement for more than 25 years.
Source: Boral Media Release
