Civmec push east wins plum Forgacs facility
Engineering firm and logistics facility owner gains shipbuilder's 23ha site near Newcastle port
Growing diversified construction and engineering services firm Civmec has bolstered its east coast footprint with the $20.75 million purchase of Newcastle shipbuilder Forgacs.
The deal consolidates the heavy industries focused firm’s modest toe-holds in Gladstone and Macksfield and marks its most significant east-coast facility.
For the company that owns the Darwin Offshore Logistics Base and the Broome Logistics Supply Base plus a major facilities near Perth, it also strengthens is presence in naval procurement.
Civmec, which is listed on the Singapore stock exchange but does most of its business in Australia, launched defence and infrastructure business units last year, while Forgacs has a number of naval conversion and hull module deals to its name.
The purpose-built shipyard at Tomago is situated on the Hunter River, 14 km from the Port of Newcastle.
The 22.7 hectare site includes 535 metres of river frontage with two ship basins.
Civmec says it will develop the Tomago site to operate as a multi-disciplinary facility which will in future replicate Civmec’s flagship operations at Henderson, Western Australia.
"This acquisition gives us a strong presence on the East Coast of Australia, enabling us to establish a more substantial east coast office to provide national and regional clients with a range of services in line with those we currently provide on the West Coast of Australia Civmec CEO Pat Tallon says.
"It also ensures that we are well positioned immediately to capitalise on the significant ongoing infrastructure expenditure on the east coast."
"Our initial focus will be on steel fabrication and precast concrete manufacture and over time we intend to combine the credibility of both the Tomago purpose-built ship building facilities and Civmec’s heavy engineering expertise to further strengthen our defence service offering."