Stevenson divvying up assets with big saleCHRISTEL YARDLEY/FAIRFAX NZ Stevenson's Huntly Quarry will be sold along with other assets. Stevenson Group is selling its construction materials division as it accelerates the sale of its assets. Franklin declined to comment on the potential sale price of about $300 million but said the divisions were profitable. Stevenson Construction Materials was expected to post revenue of $100m in the current financial year, generating $30m in profit before interest, tax, depreciation and abnormal items. The construction materials business included two quarries at Drury and Huntly and a concrete plant, employing more than 100 people, and associated transport.

Source: Stuff December 15, 2017 03:45 UTC