Heidelberg Materials further expand footprint in Australia
Acquisition of family-owned Midway Concrete based in the greater Melbourne and Geelong areas
HEIDELBERG Materials have entered into a conditional purchase agreement to acquire the ready-mixed concrete business of Midway Concrete, a family-owned company based in Australia. Midway Concrete have established a long-standing reputation for providing excellent customer service and high-quality products in the greater Melbourne and Geelong areas. The company operates four concrete plants at Laverton, Craigieburn, Melton, and Lara.
‘This bolt-on acquisition complements our existing concrete and quarry operations within Melbourne, strengthening our integrated market position in an attractive region,’ said Dr Dominik von Achten, chairman of the managing board of Heidelberg Materials. ‘The latest addition reflects our strong commitment to further expand our footprint in core markets as part of our ongoing portfolio optimization. Our growing base of customers in the region will benefit from an enhanced supply of sustainable products while we further extend our product portfolio.’
The transaction is subject to regulatory approval. Both parties have agreed not to disclose the financial terms of the transaction, which is expected to be completed by mid-2025.
The company's expansion comes on the heels of two recent acquisitions in Australia. In December, Heidelberg Materials-backed joint venture Cement Australia announced the acquisition of the cementitious division of the Buckeridge Group of Companies, based in Perth, with completion conditional on receiving regulatory approval. In the same month, Heidelberg Materials also completed the acquisition of the concrete business of the Elvin Group, the largest concrete producer in the Australian Capital Territory.
