In 1924 Gillies went into receivership and the Carbide Works was taken over by "the Hydro", and later by Electrona Carbide Industries Pty Ltd, who continued to operate it as such into the 1980s.
År 1924 gick Gillies i konkurs och Carbide Works togs över av "Hydro", och senare av Electrona Carbide Industries Pty Ltd, som fortsatte att driva företaget som sådant till 1980-talet.