Fulton Hogan to take 50% stake in NSW roading contractor

Fulton Hogan's order book for 2022 sits at $2.8 billion. (Image: supplied)

Tue, 25 Jan 2022

Infrastructure contractor Fulton Hogan will beef up its Australian business with the purchase of 50% in roading company Stabilised Pavements of Australia (SPA).SPA, based in Somersby, New South Wales, was founded in 1984 and is a specialist in pavement construction, upgrades, and maintenance for councils and other clients.The Australian Financial Review's Street Talk column reports that Fulton Hogan’s Australian management advised its staff on Friday that it was negotiating for the SPA stake.Founded in Dunedin in 1933 by Jules Fulton...

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