Australia: Heidelberg Materials Australia has entered into a binding agreement to acquire the construction materials business of Maas Group Holdings, a diversified industrial group listed on the Australian Securities Exchange. Maas’s construction materials business is based across New South Wales, Queensland and Victoria and employs more than 1000 people. The business controls 22 ready-mix concrete batching plants, a building materials recycling site and 350Mt of aggregates reserves across 40 quarries. The transaction reflects a total enterprise value of US$1.1bn on a cash and debt free basis.
“This acquisition is part of our growth focus combined with a disciplined approach to continuously optimise our portfolio,” said Dr Dominik von Achten, Chair of Heidelberg Materials. “We are taking a significant step to expand our business in Australia, focusing on further improving our aggregates capacity and concrete supply capabilities in a core market. This reflects our commitment to a pure-play strategy as a leading global heavy building materials company.”
The transaction remains subject to regulatory approvals, including from the Australian Competition and Consumer Commission and the Foreign Investment Review Board, together with other customary conditions, such as Maas Group’s shareholder approval. The parties expect to complete the transaction in the second half of 2026.
