Update from MSP Group

Following a successful 2017 Hallett Concrete and Hallett Resources is poised for a challenging and exciting 2018. We are pleased to update the market on two of our key strategic initiatives as follows.

Earlier this week we finalised the purchase of the Truro Hard Rock Quarry from the Topcoat Asphalt business. This is a high quality, long life resource that will enable us to continue to grow our integrated construction materials business. We have been lucky enough to secure a long term agreement to supply Topcoat Asphalt with asphalt aggregates and we thank them for their trust and look forward to delighting them with our service and attention. We also look forward to welcoming new team members in February from the incumbent contract crushing business located on site “Smithy’s Crushing” whom we also have an agreement with to purchase the existing on site assets. Great people are hard to find and we look forward to welcoming the Smithy’s Crushing team members into the MSP Group family. It has been a great team effort to pull this deal together however I must acknowledge Steve Seal who has successfully led the process from start to finish. We look forward to growing this business over coming years.

Our new Mile End concrete plant has recently passed several major milestones in gaining final regulatory and planning approval and also enjoying strong progress in the pre-fabrication construction of the plant. This plant will be capable of 180m3 per hour and will be a state of the art wet batch plant, unlike anything ever seen in South Australia. This strategic investment fits perfectly with our goals to grow our McLaren Vale quarry and transport businesses and is superbly geographically located to leverage key growth areas of the market. We expect to commission this plant in late April and be open for business in May.

I would like to thank and congratulate all our direct team members and support services staff who have contributed to our successful year. I would like to thank our suppliers for their support and most importantly a huge thankyou to our customers for their ongoing support and continuing to place their faith in us to service their needs. From the Hallett Concrete and Hallett Resources team we wish you and your family a very merry Christmas and a happy new year.