Fulton Hogan heads off quarry quandry by leaving Huntly site

Sun, 14 Oct 2018

By Paul McBeth Oct. 15 (BusinessDesk) - Fulton Hogan allayed competition concerns surrounding its purchase of Stevenson Group's construction materials business by leaving the Huntly quarry out of the acquisition. The Commerce Commission opened an investigation into the deal in June after the two companies announced the transaction without applying for regulatory clearance. The commission was concerned the acquisition could concentrate too much of the aggregates supply and production in Auckland and North Waikato because Fulton Hogan alre...

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