Fulton Hogan buys Australian companies

Roading contractor Fulton Hogan has bought two Australian companies, Standard Roads and Astec, for an undisclosed sum. Standard Roads has 250 staff and an annual turnover of A$100 million ($121 million). Astec operates hotmix plants in Melbourne, Sydney and Brisbane, and quarries in Melbourne and Brisbane. The company has an annual turnover of A$50 million.