Acquisition of Sunshine Coast Quarries
Boral to acquire high quality Sunshine Coast Quarries
assets in Queensland
BORAL
Overview
Sunshine
Coast
Quarries
Conditions /
Timetable
Agreement to acquire the construction materials assets and operations of
the Sunshine Coast Quarries Group ("Sunshine Coast Quarries")
Purchase price of $81.5 million (on a cash free, debt free basis)
The Sunshine Coast Quarries business comprises a large scale quarry
at Moy Pocket (on the Sunshine Coast), a smaller quarry at Wondai
(near Kingaroy) and a concrete plant at Gympie
The Moy Pocket quarry is an efficient, well maintained asset with long
term high quality reserves
Acquisition subject to informal clearance by the ACCC, and the
finalisation of procedural issues
Transaction expected to complete in the second half of calendar 2011
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