Heidelberg Materials has announced the acquisition of the Mick George Group, a leading construction and demolition waste recycler in the Eastern region of the UK, with an annual revenue of around £220 million ($400 million).
The Mick George Group specialises in bulk excavation and earthmoving services, demolition, and environmentally sensitive waste removal, complemented by waste management services as well as aggregates and concrete supply. The company operates four recycling facilities, eight waste transfer stations, eleven aggregates quarries, and ten ready-mixed concrete plants.
Recirculation of building materials from production to recycling is key to reach Heidelberg Materials’ target of offering circular alternatives for half of its concrete products by 2030.
Heidelberg Materials expects the acquisition would significantly strengthen the company’s circular materials offering whilst complementing its existing aggregates and ready-mixed concrete business in the UK.
Last month, Heidelberg Materials announced the acquisition of RWG, a German construction materials recycling company, keeping in line with Heidelberg’s investment strategy to put a focus on circular economy.
The new acquisition adds a considerable recycling platform to Heidelberg Materials’ portfolio, supporting the development of innovative technologies for processing waste and upgrading it for use in the construction cycle as a valuable material.
“The acquisition of the Mick George Group is another significant step towards our target to offer circular alternatives for half of our concrete products by 2030. Pushing circularity and consequently recycling, reusing, and thereby reducing the use of primary raw materials is crucial to achieving Net Zero,” said Dr Dominik von Achten, chairman of the managing board at Heidelberg Materials.
“With the acquisition of the Mick George business, we are clearly moving towards establishing a truly circular materials and services offer in our UK business,” added Jon Morrish, member of the managing board and responsible for Western and Southern Europe. “I warmly welcome all 1,000 Mick George employees to Heidelberg Materials and look forward to further developing the business together.”
The acquisition is expected to be completed in the second quarter of 2023, subject to relevant competition authority approval.
About Heidelberg Materials
Heidelberg Materials is one of the world’s largest integrated manufacturers of building materials and solutions with leading market positions in cement, aggregates, and ready-mixed concrete. The company is represented in over 50 countries with more than 51,000 employees at almost 3,000 sites.