Boral has acquired the Culcairn Quarry in southern NSW, located 50 kilometres north of Albury-Wodonga.
The 110-hectare operation has high-quality rock resources that is expected to secure the supply of Boral’s integrated downstream concrete and asphalt operations for more than 20 years.
The acquisition will enable Boral to build its long-term position in the Albury-Wodonga and Wagga Wagga regions.
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.
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Vik Bansal, CEO of Boral, said the company is committed to strengthening its positioning in both upstream and downstream assets to better support customers as part of its 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,” Bansal said.
“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,” he said.