RFIB sells Australian subsidiary

RFIB Holdings have sold their Australian subsidiary, RFIB Energy Australia Pty Ltd, to ToleHouse effective 30th June 2012.

Simon Race, managing director of RFIB Australia Pty Ltd, has exercised his option to buy out the RFIB ownership of RFIB Energy Australia Pty Ltd.

Commenting on the transfer, Jonathan Turnbull, chief executive officer of RFIB said: “RFIB’s focus will be on our core business units, however we will continue to maintain our existing presence in Australia by working with Simon and the ToleHouse team following the change of ownership.”