Cement Australia, a joint venture of major materials companies, has bought out BGC
Cement Australia, a joint venture between Heidelberg Materials and Holcim, has announced that it will acquire the cementitious division of the Buckeridge Group of Companies (BGC).
Founded in 1959 as a property development and building company, BGC’s cementitious business portfolio is comprised of cement, concrete, quarry, asphalt and transport operations as well as a materials technology centre. The transaction includes, among others, a state-of-the-art cement grinding unit.
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“The acquisition of BGC complements and expands our growing business in Australia, marking an important strategic step to further strengthen our existing footprint in this attractive core market,” Heidelberg Materials chairman Dominik von Achten says.
Heidelberg managing board member René Aldach adds: “The know-how around innovative products in combination with the newly-added operations from this iconic Western Australian business will also contribute to enhancing our offering of sustainable solutions to our customers.”
The acquisition by Cement Australia is subject to regulatory approval.