Coxons builds business with MRC acquisition
Operating from Rockhampton and Newcastle, Coxons Group supplies, repairs and overhauls radiators and cooling components for all industries.
MRC Australia specialises in servicing and maintaining heat transfer units, specifically industrial radiators, from workshops based in Mackay and Singleton.
Bringing Coxons and MRC together creates a stronger foundation and better opportunities for our business, people and customers,” Coxons Group managing director Joel Heazlewood said.
He said MRC represented a rewarding opportunity for deeper reach into an established market.
Regional and sector expansion are key elements of our growth strategy, so we’re excited by the long-term growth opportunities,” Mr Heazlewood said.
“This acquisition deepens our connection to the Mackay and Singleton communities – and the broader Bowen Basin and Hunter Valley mining regions.”
The move would strengthen the organisation’s capacity to minimise equipment downtime through an expanded service network, with operations across New South Wales and Queensland, and enhanced asset availability, including Coxons’ nosecone exchange service for rapid turnaround, he said.
MRC managing director Scott Thorburn welcomed the sale.
“We’re proud of the networks and reputation we’ve built – this acquisition is testament to the hard work and commitment of our team to date,” he said.
“We’re looking forward to continuing to support our customers and local community from within the Coxons family.”
With completion of the acquisition proposed for mid-2021, the expanded Coxons business will continue servicing customers across all heavy industries, including mining, heavy hauling, agriculture and rail along the east coast.
In the short term, the two companies will continue to operate under the Coxons and MRC brands respectively, as members of the Coxons Group.
Together, Coxons Group and MRC employ more than 80 people in regional areas across New South Wales and Queensland.
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