Ashurst has advised Rocla Pty Ltd (Rocla), a subsidiary of Fletcher Building Limited, on the A$203 million sale of Rocla Quarry products.

Rocla have agreed to sell the Rocla Quarry Products business, which operates in New South Wales, Victoria, South Australia and Western Australia, to Hanson Construction Materials Pty Ltd. Fletcher Building will continue to own and operate Rocla Quarry Products until completion of the transaction, which is expected to be by the end of January 2016.

The Ashurst team was led by partner Phil Breden who was assisted by counsel Melinda Sanders, senior associate Nicole Pedler, and lawyers Ellen Zhang and Kristen Wong (Corporate); partner Katie Winterbourne, senior associate Rebecca Shanahan and lawyer Michael Lyndon-James (Mining); partners Barbara Phair and Peter McCullough, with senior associates Sanjay Wavde and Elke Scevak (Tax); partner Bill Reid (Competition); partner Jennie Mansfield (Employment); partner Rehana Box and senior associate Philip Hopley (Insurance); partner Con Tzerefos (Superannuation); with senior associates Andrew Gay, Kitty Vo, Gaby Stach and Dayna Thomas (Property).