AdBri and Barro Group to acquire Metro Quarry Group’s sand operations

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Australia: AdBri and Barro Group have signed an agreement to acquire Metro Quarry Group’s sand operations. The business consists oftwo quarries, the Lang Lang quarry and the Nyora quarry, in Victoria. The quarries command a total of 50Mt of sand reserves. AdBri will pay US$21.6m to the companies’ joint venture for the purpose of the acquisition and to supplement the business’ working capital. The partners expect to conclude the deal in November 2021.

URL: https://www.globalcement.com/news/item/13090-adbri-and-barro-group-to-acquire-metro-quarry-group-s-sand-operations

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