Heidelberg Materials Australia, formerly known as Hanson Australia, is pleased to announce it has entered into a conditional purchase agreement to acquire the premixed concrete business of Midway Concrete.
Midway operates four concrete plants at Laverton, Craigieburn, Melton and Lara and has established a long-standing reputation for providing excellent customer service and the highest quality products in the greater Melbourne and Geelong areas.
Heidelberg Materials Australia’s Chief Executive, Phil Schacht, said "This acquisition complements Heidelberg Materials’ existing concrete and quarry operations within Melbourne and aligns with our strategy of acquiring bolt-on assets that support the company’s existing integrated positions in major markets."
The proposed acquisition is conditional on informal merger clearance from the Australian Competition and Consumer Commission. No jobs are expected to be affected by the transaction. Both parties have agreed not to disclose the financial terms of the transaction, which is expected to be completed by mid-2025.
