Heidelberg Materials Australia is looking to expand its reach with latest acquisition
Heidelberg Materials Australia, formerly known as Hanson Australia, has announced that 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, offering premix concrete across the greater Melbourne and Geelong areas.
“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,” Heidelberg Materials Australia’s CEO Phil Schacht says.
“Midway’s proven track record over the last 20 years will be a valuable addition to Heidelberg Materials’ operations.”
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David and Sharon Boxshall, owners of Midway Concrete, add: “We established this family business 23 years ago in Sunshine [Melbourne] with two trucks and it grew to become one of Melbourne’s most trusted concrete suppliers. We would personally like to thank all the Midway employees and customers for their friendship and support throughout the decades and we look forward to watching Midway Concrete’s next journey with Heidelberg Materials.”
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.