Invercargill-based HW Richardson Group (HWR) is expanding its footprint with the acquisition of Christchurch Ready Mix Concrete Ltd (CRMC).
The Grant family, who have owned and operated CRMC for over 60 years, have agreed to sell the business in a move they say will support its continued growth and success.
CRMC was born out of Transport North Canterbury which began in the 1930s.
“The Grant family, who have grown the business over several decades, believe that now is the right time for a change in shareholder control and this sale will ensure the continued growth and success of CRMC,” HWR says.
The share sale is expected to be finalised by close of business on April 11. HWR confirmed that all current business operations will remain unchanged following the transaction.
“All employees remain in place and unaffected by the sale,” the company says.
“The Christchurch Ready-Mix Concrete trading name and brand also remains in place.”
HWR described the acquisition as a strategic opportunity to strengthen service delivery across its customer base.
