Cement Australia has expanded its presence in Australia after announcing the acquisition of BGC Cementitious, a division of the Buckeridge Group of Companies (BGC).
Cement Australia, a joint venture between Heidelberg Materials and Holcim, will acquire a state-of-the-art cement grinding unit with significant capacities through the transaction. A transport fleet and a nationally accredited innovation centre are also included in the transaction.
“The acquisition of this division of family-owned BGC will reinforce Holcim’s footprint in the attractive market of Australia. With its state-of-the-art facilities, the acquisition will advance Holcim’s leadership in sustainable and innovative building solutions,” said Martin Kriegner, Holcim’s region head of Asia, the Middle East and Africa, and chairman of Cement Australia.
BGC was established in 1959 by architect Len Buckeridge and eventually became a construction and manufacturing company specialising in Western Australia.
The cementitious division, which Cement Australia will acquire, includes cement, concrete, quarry and asphalt assets and a materials technology innovation centre.
“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,” said Dr Dominik von Achten, chairman of the managing board of Heidelberg Materials.
René Aldach, member of the managing board of Heidelberg Materials and responsible for Australia, added: “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 transaction is subject to regulatory approvals.
