Abergeldie Purchases 100% Of ASM Fabrications
Posted by: Erin Shilton June 26, 2017
Following the recent full acquisition of ASM Fabrications by Abergeldie Complex Infrastructure, the newly branded Abergeldie Structural Fabrications is poised to grow. It has the people, experience, systems and financial resources in place to become a more significant supplier of structural steelwork in NSW.
ASM Fabrications has been an important supply partner of Abergeldie Complex Infrastructure for over 20 years by providing most of the structural steelwork installed throughout the projects it has delivered in NSW.
Eight years ago, in recognition of the strategic importance of the relationship, Abergeldie Complex Infrastructure became 50% owners of ASM Fabrications. The fabrications workshop was relocated adjacent to the Abergeldie Complex Infrastructure head office in Regents Park NSW.
“By providing high quality steelwork at commercially competitive prices, the partnership with ASM has not been an unimportant factor in the success and growth of Abergeldie” said Mick Boyle Executive Chairman and founder of Abergeldie Complex Infrastructure.
In early March 2017 Abergeldie Complex Infrastructure reached agreement with Mukesh Handa, Managing Director and founder of ASM Fabrications to buy his 50% share of ASM Fabrications.
“The relationship with Abergeldie has been important to the success of ASM. I have felt ASM has been an important part of the Abergeldie team especially over the last 8 years. We have helped Abergeldie build award winning projects such as the V8 Supercars in Sydney and the Burrinjuck Dam upgrade near Yass. The purchase by Abergeldie of 100% of ASM is a logical evolution of our close relationship” said Mukesh Handa who will remain in the business as Operations Manager.
“The great advantage of having an in-house steel fabrication capability is that Abergeldie can be even more timely, flexible and innovative when responding to our clients’ needs” said Greg Taylor.