King & Wood Mallesons has advised Hanson Construction Materials on its $203 million acquisition of Fletcher Building’s Rocla Quarry Products business.

Rocla Quarry Products operates 12 significant sand quarries in the metropolitan areas of Perth, Adelaide, Melbourne and Sydney, in addition to a number of smaller sites and greenfield reserves across Australia. In addition Rocla has a 50% interest in joint venture operations at Mt Marrow (QLD), Mittagong (NSW) and Cowra (NSW).

Due to the geography and mix of the assets, the deal involved traversing a complicated and inconsistent regulatory framework across 5 States, against the background of a tightly run competitive bid process.

The KWM team was led by Sydney based Mergers & Acquisitions partner Adrian Perkins and senior associate James Slimnicanovksi who were supported by a multi-disciplinary team of lawyers across KWM’s Australian network.

Adrian Perkins said: “KWM enjoys a long standing relationship with Hanson and I am delighted that we were able to partner with Hanson to pursue its growth strategy. I am particularly pleased that we could capitalise on our multi-jurisdictional expertise and capability in the mining sector to deliver a winning edge for Hanson in the bid process.”