Adbri splashes $58m buying concrete plants
Building products group Adbri has bolstered its position in Queensland markets, spending $58 million to buy Zanow’s Concrete And Quarries. Zanow’s owns two concrete plants and sand, gravel and hard rock quarries in western Brisbane, and comes with approvals for further expansion. The purchase is being made at an EBITDA multiple of 8.5 times and…