The sale will include CHAP’s ready-mix concrete facility at Balmedie Quarry, the land and associated planning permission at Muirtack, Ellon and CHAP’s quarrying and ready-mix operation at Park, Drumoak. CHAP will retain ownership of the land at Park as it still plans to pursue its longer-term goal for Kincluny Village on the site.
JKR director Kevin Taylor said that the company has been looking to develop a quarry and concrete products business and the acquisition will allow it to achieve this and cover large areas of Aberdeenshire.
"We are excited about the prospect of providing our quarry and concrete supplies to new and existing developers, contractors, agricultural, commercial and domestic customers," Taylor added. "The new business also complements our existing civil engineering operations, where we have already demonstrated that we can successfully deliver a high-quality service."
CHAP says it will now streamline operations and focus on its construction and civil engineering business.
CHAP MD Hugh Craigie commented: “We are sad to be leaving the quarrying industry after 40 years, but we are delighted that JKR are going to continue all of our existing operations and retain all of our quarries' personnel.
"We felt it was important that our quarries division was taken on by an independent local operator and we are confident that JKR will build on the good reputation that CHAP has earned for its products and services."