Heidelberg Materials Australia has agreed to acquire the construction materials business of Maas Group Holdings, an ASX-listed diversified industrial group which is a leading supplier of aggregates, ready-mixed concrete, and asphalt based in Eastern Australia.
The transaction includes 40 quarries with combined reserves of over 350 million tonnes, 22 concrete plants, two asphalt operations, and a recycling site. The building materials business is based across New South Wales, Queensland and Victoria.
The transaction reflects a total enterprise value of AUD1.7 billion on a cash and debt free basis. Heidelberg Materials expects the acquisition to strengthen the company's position in the key Australian market and expand its construction materials supply chain.
Subject to approval and satisfaction of these conditions, the parties expect to complete the transaction in the second half of 2026.
