FHL now owns 51% shares of Basic Industries and 49% by Vinod Patel Group.
FHL Group chairman Iowane Naiveli says, they welcome their new joint-venture partners and are confident to achieve growth and expansion.
BIL which operates under their brand name Standard Concrete, is the largest ready-mix concrete supplier in Fiji.
BIL has recently launched AGLIME – a branded product for the Agriculture Sector.
BIL has been a joint venture between FHL and Holcim NZ since 1997 who decided to divest their stake in BIL in 2010.
BIL contributed 11% of FHL Group consolidated group revenue for the financial year ending June 2013.