Southland Sand and Gravel has been sold by its owners, International Speciality Aggregates (ISA).
ISA Invercargill general manager Pauline Sutherland said the Australian-owned company had decided to sell Southland Sand and Gravel, the New Zealand arm of its operations, which sells to the domestic market.
ISA would continue in Invercargill as an export-only business, she said. She refused to say how many workers had lost their jobs, but said they had all found other employment.
The Southland business has been bought by Southern Aggregates, owned by the HW Richardson Group.
ISA bought Southland Sand and Gravel from the Invercargill-based Robinson brothers in 2007.
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