Waratah Engineering has been rapidly expanding its product range, which now includes Wirth continuous miners and roadheaders, McLanahan feeder breakers, Fletcher bolting products and its own Waracar, over the past three years.
It has now established itself as a junior original equipment manufacturer in the Australian underground coal landscape and has been actively seeking a suitable equity partner to assist it in its growth to its next stage of development.
Waratah managing director Mark Kingshott said Waratah would benefit from Varley's highly experienced management team.
Established 120 years ago, Varley is a diversified engineering company providing products, service and workmanship to a broad range of major industries locally, nationally and internationally.
Varley currently supplies the rail, power, defence and marine industries and saw the acquisition as a logical progression in its industry sector diversification.
Waratah will continue to operate from its newly occupied site at Argenton, near Newcastle, New South Wales.
Waratah said there were no planned changes in its senior management team and all agreements with customers, suppliers and partners remain unchanged.
“Waratah has developed an excellent range of products and has a good reputation in the marketplace, and Varley has the skills and experience to further develop the business into a highly successful operation,” said Varley managing director Jeff Phillips.
