SYDNEY, AUSTRALIA: MAAS Group Holdings Limited (MGH) has entered into an agreement for the acquisition of an additional quarry in Central Queensland being the Earth Commodities hardrock quarry operation in Gladstone.The acquisition agreement is subject to customary completion conditions and the transaction is expected to complete in October 2021.
This well-established quarry currently produces 300,000 – 400,000 tonnes per annum with approved annual tonnage of 1 million tonnes.
The acquisition will enable MGH to realise synergies within its Central Queensland Construction Materials business which was established through the acquisition of the Amcor quarry and concrete business in Rockhampton.
MGH is a leading independent Australian construction materials, equipment and service provider with diversified exposures across the civil, infrastructure, mining and real estate end markets.