The assets include a water supply and treatment plant, a quarry, land, silos and a packing plant in Westport, Cape Foulwind and Tauranga Bay.

Westport lost over 100 jobs when the company closed its cement works in 2016, after 58 years of operation.

Mayor Garry Howard said the council had been in negotiations for more than a year on the more than $5m deal. Continue reading . . .