RCR Tomlinson was one of

Australia Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...

's largest multi-disciplined infrastructure, resource and engineering companies with a reputation for delivering high quality mining technologies.

History

In 1898, Tomlinson Bros was founded as an engineering company in

Perth Perth is the capital and largest city of the Australian state of Western Australia. It is the fourth most populous city in Australia and Oceania, with a population of 2.1 million (80% of the state) living in Greater Perth in 2020. Perth is ...

by Ernest and Edward Tomlinson. In 1951 the company was floated on the

Australian Securities Exchange Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as ...

, (ASX). In 1981,

Clyde Engineering Clyde Engineering was an Australian manufacturer of locomotives, rolling stock, and other industrial products. It was founded in September 1898 by a syndicate of Sydney businessmen buying the Granville factory of timber merchants Huds ...

that already held a 63% shareholding, launched a successful takeover bid. In 1985 with a lack of work, Clyde proposed to close the business, however it was rescued in a

management buyout A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management-, and/or leveraged buyout became noted phenomena of 1 ...

. In December 1996 ''RCR Tomlinson'' was formed when ''RCR Engineering'' and ''Tomlinson Bros merged''.Our History
RCR Tomlinson RCR's origins date back to 1979 when ''RCR Engineering Ltd'' was established in

Western Australia Western Australia (commonly abbreviated as WA) is a state of Australia occupying the western percent of the land area of Australia excluding external territories. It is bounded by the Indian Ocean to the north and west, the Southern Ocean to th ...

by Ron Stevens, Clive Butcher and Robert Wovodich (RCR) to provide diversified fabrication and machining services to industry in the south-west region of Western Australia which grew over the next 15 years into the ''MNLng Technologies'' business.

Company Overview

RCR Limited grew to become a multi-disciplinary conglomerate engineering company that specialised in the design, manufacture and maintenance of heavy equipment, infrastructure resources, power-generation and industrial boiler systems. The company also delivered site maintenance facilities management, construction and project management services, specialised laser-cutting, heat treatment, fire safety doors, air-conditioning, electrical installation and substation construction. RCR Tomlinson operated four in service segments and three regions. These include: * Resources - The company provided specialist structural construction and maintenance services for the resource sector including iron ore, gold nickel,

lithium Lithium (from el, λίθος, lithos, lit=stone) is a chemical element with the symbol Li and atomic number 3. It is a soft, silvery-white alkali metal. Under standard conditions, it is the least dense metal and the least dense solid el ...

mineral sands Heavy mineral sands are a class of ore deposit which is an important source of zirconium, titanium, thorium, tungsten, rare-earth elements, the industrial minerals diamond, sapphire, garnet, and occasionally precious metals or gemstones. Heavy m ...

, oil & Gas and

LNG Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volu ...

sectors. RCR also provided the design manufacture, maintenance and repair of

turnkey A turnkey, a turnkey project, or a turnkey operation (also spelled turn-key) is a type of project that is constructed so that it can be sold to any buyer as a completed product. This is contrasted with build to order, where the constructor builds ...

installations. It operated in WA (

Pilbara The Pilbara () is a large, dry, thinly populated region in the north of Western Australia. It is known for its Aboriginal peoples; its ancient landscapes; the red earth; and its vast mineral deposits, in particular iron ore. It is also a glo ...

region),

South Australia South Australia (commonly abbreviated as SA) is a state in the southern central part of Australia. It covers some of the most arid parts of the country. With a total land area of , it is the fourth-largest of Australia's states and territories ...

New South Wales ) , nickname = , image_map = New South Wales in Australia.svg , map_caption = Location of New South Wales in AustraliaCoordinates: , subdivision_type = Country , subdivision_name = Australia , established_title = Before federation , es ...

and

Queensland ) , nickname = Sunshine State , image_map = Queensland in Australia.svg , map_caption = Location of Queensland in Australia , subdivision_type = Country , subdivision_name = Australia , established_title = Before federation , established_ ...

. *

Energy In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat a ...

- The company provided combined or Open Cycle power plants, proprietary Heat Recovery Steam Generation technology. A wide variety of Boiler technologies owning Alstom, Tomlinson,

Babcock & Wilcox Babcock & Wilcox is an American renewable, environmental and thermal energy technologies and service provider that is active and has operations in many international markets across the globe with its headquarters in Akron, Ohio, USA. Historicall ...

and other boiler licenses. The energy division delivered boilers for a large range of fuels including waste recycle products and waste coffee grounds plus a range of renewable fuels to operate power stations. It operated in

Southeast Asia Southeast Asia, also spelled South East Asia and South-East Asia, and also known as Southeastern Asia, South-eastern Asia or SEA, is the geographical United Nations geoscheme for Asia#South-eastern Asia, south-eastern region of Asia, consistin ...

and

New Zealand New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island count ...

. *

Infrastructure Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and priv ...

- The company focused on

transport Transport (in British English), or transportation (in American English), is the intentional movement of humans, animals, and goods from one location to another. Modes of transport include air, land (rail and road), water, cable, pipeline, an ...

and

railway Rail transport (also known as train transport) is a means of transport that transfers passengers and goods on wheeled vehicles running on rails, which are incorporated in tracks. In contrast to road transport, where the vehicles run on a pre ...

electrical construction and maintenance, water and

wastewater Wastewater is water generated after the use of freshwater, raw water, drinking water or saline water in a variety of deliberate applications or processes. Another definition of wastewater is "Used water from any combination of domestic, industr ...

, road tunnel construction and

project management Project management is the process of leading the work of a team to achieve all project goals within the given constraints. This information is usually described in project documentation, created at the beginning of the development process. Th ...

services. * Facilities Management and Building Services - The company provided management services (repair and maintenance, cleaning, security, air-conditioning). Brands it operated through were included: ''RCR O'Donnell Griffin'', ''Haden'' and ''Resolve FM''. *

- RCR New Zealand, operated a multi-services business delivering predominately boiler technology for the

dairy A dairy is a business enterprise established for the harvesting or processing (or both) of animal milk – mostly from cows or buffaloes, but also from goats, sheep, horses, or camels – for human consumption. A dairy is typically located on ...

and

timber Lumber is wood that has been processed into dimensional lumber, including beams and planks or boards, a stage in the process of wood production. Lumber is mainly used for construction framing, as well as finishing (floors, wall panels, wi ...

industry, electrical services and additionally fire safety doors. * RCR

Asia Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an area ...

- RCR operated a multi-service business in

delivering predominately

boiler A boiler is a closed vessel in which fluid (generally water) is heated. The fluid does not necessarily boil. The heated or vaporized fluid exits the boiler for use in various processes or heating applications, including water heating, central h ...

technology for

power station A power station, also referred to as a power plant and sometimes generating station or generating plant, is an industrial facility for the generation of electric power. Power stations are generally connected to an electrical grid. Many p ...

s and water projects. RCR Tomlinson engaged in

manufacturing Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a r ...

of machinery and industrial manufacturing with a focus on: Materials handling - for

iron ore Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to rusty red. The iron is usually found in the fo ...

nickel Nickel is a chemical element with symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel is a hard and ductile transition metal. Pure nickel is chemically reactive but large pieces are slow to ...

gold Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile met ...

Lithium Lithium (from el, λίθος, lithos, lit=stone) is a chemical element with the symbol Li and atomic number 3. It is a soft, silvery-white alkali metal. Under standard conditions, it is the least dense metal and the least dense solid el ...

. The company also engaged in manufacturing of machinery for transportation of materials such as dumpers, stackers, feeders, conveyors and crushing units. ''RCR Boilers'' delivered Energy servicing and Generation such as Steam boilers, hot water boilers, indirect air heaters, Weishaupt burners, inert gas generators and

thermal oil An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated ...

heaters. The company also delivered Electrical Manufacturing of switchboards, SCADA/Automation systems and substations. ''RCR Laser and

Laser cutting Laser cutting is a technology that uses a laser to vaporize materials, resulting in a cut edge. While typically used for industrial manufacturing applications, it is now used by schools, small businesses, architecture, and hobbyists. Laser cutt ...

'' offered machinery such as adaptive laser cutting, fiber laser technology, folding and fabrication, tube processing and fabrication process services.

Company Growth

In 2007, the long-time CEO and Director, John Linden retired and by 2008 the company experienced a decline in shareholder return of -62% in one year and borrowings had risen to $55M, which was equivalent to the prevailing Market Capitalisation. In 2009, RCR won WA Engineers Australia, ''Engineering Excellence Award'' in the Products and Manufacturing category. The company then entered a new phase diversifying from a struggling

Resources Resource refers to all the materials available in our environment which are technologically accessible, economically feasible and culturally sustainable and help us to satisfy our needs and wants. Resources can broadly be classified upon their a ...

Sector to include

infrastructure Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and priv ...

projects by acquiring the Austrian Energy business in

Australasia Australasia is a region that comprises Australia, New Zealand and some neighbouring islands in the Pacific Ocean. The term is used in a number of different contexts, including geopolitically, physiogeographically, philologically, and ecologica ...

and the Construction arm of the

Water Corporation (Western Australia) Water Corporation is the principal supplier of water, wastewater and drainage services throughout the state of Western Australia. It is the seventh successive agency to deal with the services in Perth, Western Australia. With offices in Perth ...

and appointed a

CFO The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financ ...

, Andrew Walsh. By 2010 the one-year

shareholder A shareholder (in the United States often referred to as stockholder) of a corporation is an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal own ...

return of the company had risen to 36% compared to 2008 of -62%, net debt was halved and profits increased by 25%. In 2010 Annual Report of the company, notable multi-disciplinary engineering projects were carried out. Among them include

Iluka Resources Iluka Resources is an Australian-based resources company, specialising in mineral sands exploration, project development, operations and marketing. Iluka is the largest producer of zircon and titanium dioxide-derived rutile and synthetic rutil ...

, Jacinth ambrosia,

. RCR designed, manufactured installed and commissioned the second generation fully integrated track-mounted mobile mining unit plant (MUP) as a single module. RCR Provided structural mechanical and piping works for the

BHP Billiton BHP Group Limited (formerly known as BHP Billiton) is an Australian Multinational corporation, multinational mining, metals, natural gas petroleum public company that is headquartered in Melbourne, Victoria, Australia. The Broken Hill Propri ...

Worsely Alumina Efficiency and growth project. RCR also provided construction testing and commissioning services for four new

gas turbines A gas turbine, also called a combustion turbine, is a type of continuous flow internal combustion engine. The main parts common to all gas turbine engines form the power-producing part (known as the gas generator or core) and are, in the directi ...

at the ''Yarralyi Maya'' Power station site near Karratha,

. In 2011, RCR announced record revenues increasing 600% to $607 Million, ''EBIT'' increasing 80%, Net profit after tax increased was up 12% to $19.5million, net debt reduced from $23.1 million to $6.5 million, dividend was up 25% to 3.75 cents. By 2012 the company had a $45M of cash and no

debt Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase. The ...

had agreed to acquire the ''Norfolk Group of companies'' including the prized ''O'Donnell Griffin electrical Group'', ''Hadens'' and ''Resolve Facilities Management''. The company had signed a $600 million contract with

Fortescue Metals Group Fortescue Metals Group Limited (often referred to as Fortescue Metals Group, FMG, or simply Fortescue) is an Australian iron ore company. As of 2017, Fortescue is the fourth-largest iron ore producer in the world. The company has holdings of ...

to deliver their new

Iron Ore Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to rusty red. The iron is usually found in the fo ...

projects and returned over 200% for the three year total share-holder return (TSR). The Iron Ore project for

Fortescue Metals Fortescue Metals Group Limited (often referred to as Fortescue Metals Group, FMG, or simply Fortescue) is an Australian iron ore company. As of 2017, Fortescue is the fourth-largest iron ore producer in the world. The company has holdings of m ...

grew as the company delivered both Kings and Firetail Process plants in record time, delivering $780M dollars of work at completion. In 2013, RCR completed the ''Norfolk Group'' acquisition for $140M dollars adding over $1B to the company's revenue base and in the same year 2013, the CFO, Andrew Walsh retired from the company. In 2014, RCR Tomlinson RCR become an international multidisciplinary conglomerate with revenues in excess of $1 Billion with over 40 subsidiaries. The company delivered record sales revenue that increased by 49% to $1.3 billion. It also had a record profit and growth delivering a five year Total Shareholder Return of over 414% and total dividends up 21% in a year. RCR was awarded $125 million in new contracts in

. Projects included

Legacy Way The M5 Legacy Way (formerly Northern Link Tunnel) is a long tunnel linking the Western Freeway at Toowong and the Inner City Bypass at Kelvin Grove, Brisbane. The project consisted of two bored tunnels carrying two motorway grade lanes of tr ...

, Tunnel Works - City of

Brisbane Brisbane ( ) is the capital and most populous city of the states and territories of Australia, Australian state of Queensland, and the list of cities in Australia by population, third-most populous city in Australia and Oceania, with a populati ...

. In 2015, the Order-book of the company was up 30%, dividends up 10%, net debt down 79%. Work included: Novo Rail Alliance, Wynyard Station upgrade, oil and gas service contracts at

Gorgan Gorgan ( fa, گرگان ; also romanized as ''Gorgān'', ''Gurgān'', and ''Gurgan''), formerly Esterabad ( ; also romanized as ''Astarābād'', ''Asterabad'', and ''Esterābād''), is the capital city of Golestan Province, Iran. It lies appro ...

, Pluto, Wheatstone and Curtis Island. The company was awarded

Thai Oil Thai Oil Public Company Limited or simply Thaioil ( th, ไทยออยล์) is a Thai public company. It is listed on the Stock Exchange of Thailand (SET). It is a subsidiary of PTT Group. The company was founded on 3 August 1961 as Oil Ref ...

Sriracha Sriracha ( or ; th, ศรีราชา, ) is a type of hot sauce or chili sauce made from a paste of chili peppers, distilled vinegar, garlic, sugar, and salt. Use In Thailand, sriracha is frequently used as a dipping sauce, particular ...

Thailand Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is bo ...

. The company won maintenance contracts at NRG

Gladstone William Ewart Gladstone ( ; 29 December 1809 – 19 May 1898) was a British statesman and Liberal politician. In a career lasting over 60 years, he served for 12 years as Prime Minister of the United Kingdom, spread over four non-conse ...

, AGL

Torrens Island Torrens Island is an island in the Australian state of South Australia located in the Adelaide metropolitan area in the Port River Estuary about northwest of the Adelaide city centre. Since European settlement of Adelaide in 1836, it has b ...

, New Crest Cadia Panel Cave 2,

Rio Tinto Rio Tinto, meaning "red river", may refer to: Businesses * Rio Tinto (corporation), an Anglo-Australian multinational mining and resources corporation ** Rio Tinto Alcan, based in Canada ** Rio Tinto Borax in America *** Rio Tinto Borax Mine, a ...

Angeles West Deposit B,

Mesa J, Wheatstone heat-treatment off-shore platform, SMP E&I works and equipment supply

Roy Hill The Roy Hill mine is an iron ore mine in the Chichester Range in the Pilbara region of Western Australia, located north of Newman and south of Port Hedland. With indicated and inferred reserves of more than , it is expected to become one of ...

. In 2016, RCR Tomlinson exited the

Coal Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other elements, chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal is formed when dea ...

industry and continued to diversify into solar projects as

renewable energy Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy ...

impacting the Australian Power generation sector. RCR continued to invest in technology and signed the deal for the Australian rights to the innovative

Kiruna (; se, Giron ; fi, Kiiruna ) is the northernmost Stad (Sweden), city in Sweden, situated in the province of Lapland, Sweden, Lapland. It had 17,002 inhabitants in 2016 and is the seat of Kiruna Municipality (population: 23,167 in 2016) in Norr ...

Wagon Helix unloader. RCR Tomlinson entered the

solar generation Solar power is the conversion of energy from sunlight into electricity, either directly using photovoltaics (PV) or indirectly using concentrated solar power. Photovoltaic cells convert light into an electric current using the photovoltaic ...

market, delivering the first

solar farm Solar may refer to: Astronomy * Of or relating to the Sun ** Solar telescope, a special purpose telescope used to observe the Sun ** A device that utilizes solar energy (e.g. "solar panels") ** Solar calendar, a calendar whose dates indicate t ...

for AGL in

Broken Hill Broken Hill is an inland mining city in the far west of outback New South Wales, Australia. It is near the border with South Australia on the crossing of the Barrier Highway (A32) and the Silver City Highway (B79), in the Barrier Range. It is ...

. The

solar farm went on to successfully deliver record gross margin profits for the Company. By 2017, the order book of the company was 1.4 billion and revenue was 1.3 billion. EBIT for the year was $35.2 million and the company had Preferred Contractor status for a further $1.6 billion of work. The year included winning

Darling Downs The Darling Downs is a farming region on the western slopes of the Great Dividing Range in southern Queensland, Australia. The Downs are to the west of South East Queensland and are one of the major regions of Queensland. The name was generall ...

110 Mwac Solar Farm, the ''159 Mwac Daydream'', the ''50 Mwac Hayman Solar Farms'' and Pilbara Minerals

Plant. RCR was awarded: 125 Mwac Sun Metal Solar Far,

Melbourne Underground Rail Loop The City Loop (originally called the Melbourne Underground Rail Loop or MURL) is a mostly- underground and partly surface-level subway and rail system in the central business district (CBD) of Melbourne, Victoria, Australia. The Loop includes ...

Melbourne Water Melbourne Water is a Victorian Government-owned statutory authority that controls and manages much of the water bodies and supplies in metropolitan Melbourne, Victoria, Australia, including the reservoirs, lakes, wetlands, canals and urban cree ...

sewerage capital works, 20MW Lignite-Fired Boiler, Mataura Valley Milk New Zealand, 20MW Biomass - firmed boiler, Senipah Power Plant

Indonesia Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania between the Indian and Pacific oceans. It consists of over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guine ...

, Relocatable Overland Conveyer, Pilbara Minerals Limited, and Pilganoora Lithium, FAM - Stacker / Reclaimer Installation. The Sun Metals solar farm went on to deliver record project gross margin profits for RCR.

Divisions

RCR Tomlinson had 6 divisions as listed: * RCR Energy * RCR Infrastructure * RCR Resources * RCR Facilities Management * RCR New Zealand * RCR Laser

Subsidiaries

The company also had the following subsidiaries: * RCR Resources Pty Ltd D1 * RCR Energy (Gladstone) Pty Ltd * RCR Resources (Tripower) Pty Ltd * RCR Mining Pty Ltd * RCR Corporate Pty Ltd * RCR Energy Pty Ltd * RCR Energy Service Pty Ltd * Positron Group Pty Ltd * RCR Power Pty Ltd * RCR Laser Pty Ltd * RCR Oil & Gas Pty Ltd * RCR Infrastructure Pty Ltd * RCR Infrastructure Group (XNFK) Pty Ltd * RCR O’Donnell Griffin Pty Ltd * RCR Haden Pty Ltd * RCR Haden (Telco) Pty Ltd * RCR Haden (Holdings) Pty Ltd * RCR Resolve FM Pty Ltd * RCR Resolve FM (Holdings) Pty Ltd * RCR Infrastructure (Corporate) Pty Ltd * RCR Water Pty Ltd * RCR Water (WA) Pty Ltd * RCR O’Donnell Griffin (Holdings) Pty Ltd * RCR O’Donnell Griffin (Projects) Pty Ltd * RCR Infrastructure (New Zealand) Limited * RCR Energy Limited * Applied Laser Pty Ltd * Moray Power Pty Ltd * RCR Energy (Stelform) Pty Ltd * RCR Energy (Stelform VRBT) Pty Ltd * Stelform Piping Systems Pty Ltd * Sartap Pty Ltd * RCR Resources (Heat Treatment) Pty Ltd * Positron Power Pty Ltd * RCR Asset Maintenance Pty Ltd * RCR Building Products (Holdings) Pty Ltd * RCR Trafalgar Building Products Pty Ltd

Divestment

By 2018 the RCR brand had a reputation for delivering high quality mining technologies, innovation and services to both national and international markets and by the end of Financial year 2018 the company had grown to $2Billion in Revenue and was net cash at June 30 2018, having paid down all debt facilities. In late July 2018, cost overruns were discovered on a project. At the time the cost overruns were significant however, the company remained in profit and net cash. The Chairman, Roderick Brown, directed RCR into a protracted voluntary suspension for a period of 30 days which was had long term ramifications. The company completed a capital raising of $100 million by

Macquarie Bank Macquarie Group Limited () is an Australian global financial services group. Headquartered and listed in Australia (), Macquarie employs more than 17,000 staff in 33 markets, is the world's largest infrastructure asset manager and Australia's ...

, paying $12.1M in fees, according to the 2018 Annual Report, and the company resumed normal activities. The Chairman, Roderick Brown and Directors called in Administrators when the Secured Creditors withdrew support for them on November 21, 2018. In the final report of the Liquidator, it was determined that the protracted Suspension and the loss of confidence in the Chairman, Roderick Brown and new CEO, Bruce James “had a significant adverse impact on the group and its ability to successfully tender for new projects”. According to the Administrator's Report, McGrathNicol oversaw “a sale process that involved more than 300 interested parties on an 'accelerated sale process' timeline, seeking bids with minimal conditionality”. The Administrators admitted failure to sell the business as a whole “Ultimately, each bidder who had initially engaged in the 'whole of business' sale process concluded they would not submit final bids”. This was expected due to the accelerated due diligence process that was unsuitable for sale of such a large complex conglomerate as identified by KPMG in “Navigating Complex M&A”.

The Sell Off

In 2018, ''RCR Boilers'' was sold t
The Environmental Group Limited
In the same 2018, ''RCR Rail'' was sold to

John Holland Group The John Holland Group is an infrastructure, building, rail and transport business operating in Australia and New Zealand. Headquartered in Melbourne, it is a subsidiary of China Communications Construction. History The company was founded in ...

owned by

China Communications Construction Company China Communications Construction Company, Ltd. (CCCC) is a majority state-owned, publicly traded, multinational engineering and construction company primarily engaged in the design, construction and operation of infrastructure assets, including ...

'snapped up' RCR Rail and absorbed 400 RCR employees. Also in 2018, ''RCR Mining Technology Pty Ltd'' was sold to ''ERW''. In 2019, the ''Chows brothers'' acquired ''RCR Tomlinson New Zealand'' and renamed it ''RCR Infrastructure Ltd''. ''RCR Energy Services'' which employed 50 people was sold to ''The Environmental Group''. RCR's Metalbilt/Danks doors business which employed 60 people was sold to New Zealand's ''ARA Group''. Also in 2019, ''RCR laser'' was sold to ''Wangara Business''. NRW Holdings also acquired RCR Mining Technologies in 2019.John Miller,

References

{{Reflist Companies based in Sydney Companies formerly listed on the Australian Securities Exchange Construction and civil engineering companies established in 1898 Engineering companies of Australia 1898 establishments in Australia Construction and civil engineering companies of Australia