News
Quarry sale approved
THE Australian Competition and Consumer Commission has approved the $81.5 million sale of Paul McDonald's Sunshine Coast Quarries to Boral Limited.
Mr McDonald sold the company at the end of July subject to ACCC approval.
The ACCC this week approved the sale and concluded that the acquisition was "unlikely to substantially lessen competition in the relevant markets".
Boral has acquired the quarry and concrete assets of Sunshine Coast Quarries including a large-scale quarry at Moy Pocket, a smaller quarry at Wondai and a concrete plant at Gympie.
