Eight years after being re-opened by Bob Rogers, the Tokarahi Lime Quarry has a new owner.
Last week, the quarry was officially handed over to Brent Jones, who comes from Lismore near Ashburton.
Mr Rogers, 70, took up the business in 2006 after it was closed for a few years following the death of its previous owner, Howard Patterson.
“Unfortunately, health complications about five years ago meant I was never able to get the quarry up to the required standard I wanted to, but I am incredibly happy with the new owner and their intentions with the quarry,” he said.
The Tokarahi Quarry, operating as Waitaki Lime Ltd, would face some changes in the future, Mr Rogers said.
“Brent will be fantastic for the business. He knows what he wants to do with it and I know he will make it a very profitable lime quarry in North Otago, while there is a chance some more jobs could open up,” he said.
The price of the of sale has not been disclosed.
“I obviously wanted a bit more and he wanted it for less, but we found a good middle ground that will still allow Brent to make upgrades and improve the business,” Mr Rogers said.
The quarry is located about 40 minutes inland from Oamaru, covering about 13 acres and is set to provide to provide a boost to the economy in the area, with it being the closest lime quarry to Haast.
PGG Wrightson rural salesman Laurie Farmer said the quarry had been on sale for just over 12 months.
“The quarry was on the market for a little over a year and until a month ago, hadn’t received much interest, but within the last month, we had four genuine buyers and Bob is pleased with the outcome.”
By BRAYDEN LINDSAY
HARD AT WORK: After just over a year on the market the Tokarahi Lime Quarry has been sold.