Fulton Hogan absorbs Stevenson assets, expects tougher times in 2019

Fri, 02 Nov 2018

By Gavin Evans Nov. 2 (BusinessDesk) - Fulton Hogan committed close to $300 million for its strategic purchase of Stevenson Group’s construction and quarrying activities. The deal, announced in May, was to have included two quarries and four concrete plants and was intended to strengthen Fulton Hogan’s supply chain and ensure its long-term aggregate supplies for projects in Auckland and Waikato. The Christchurch-based infrastructure and construction group’s accounts show the company had committed $304.3 million for the purchase of two...

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