Various assets, including VEC Civil Engineering’s Ulverstone manufacturing facility will now be operated by Hazell Bros
Construction company Hazell Bros has announced that it has purchased a portion of VEC Civil Engineering, which was a wholly owned subsidiary of the Downer Group.
VEC’s precast manufacturing, steel workshop and bridge construction divisions have now joined Hazell Bros’ portfolio, which includes civil construction, quarries, concrete, construction material testing, plant hire, transport, asset servicing and industrial services.
This acquisition includes the transfer of the majority of VEC staff and a number of active projects.
Hazell Bros is a family-owned business that began in Tasmania in 1944 and has since expanded to cover 800 staff over several states with the recent acquisition.
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“This is a significant step in our long-term plan to expand our presence in the northern region of the state [Tasmania],” Hazell Bros says.
“The acquisition broadens our geographic reach, enhances our capabilities, and strengthens our position in the civil construction sector.
“Included in this acquisition is the VEC precast manufacturing and steel fabrication workshop – assets that will contribute to the overall growth and diversification of our operations. These additions complement our existing robust civil construction capabilities and position Hazell Bros for even greater success in the years to come.
“As part of the acquisition, we have welcomed approximately 60 new talented individuals into the Hazell Bros business, bringing our total workforce to 800 employees.”
For more information on Hazell Bros and its work, read our feature on the delivery of a Hidromek HMK 500 LCHD from Onetrak to the business last year, for work on a Tasmanian hydro scheme.