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News Cement Australia to acquire BGC Cementitious division

Cement Australia to acquire BGC Cementitious division

Written by Global Cement staff 11 December 2024
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Australia: Cement Australia, a joint venture between Heidelberg Materials Australia and Holcim Australia, will acquire the cementitious division of the Buckeridge Group of Companies (BGC) in Perth for US$800m, according to The Australian. The acquisition includes a cement grinding unit with ‘significant’ capacities, along with operations in cement, concrete, quarry, asphalt, transport and a materials technology centre. Cement Australia reportedly ‘fended off competition’ from Boral, Adbri and Mass Group in the process. BGC has stated that it retains a ‘significant’ business with about 1000 employees across its other sectors. The acquisition remains subject to regulatory approval, but is expected to close in the second half of 2025.

Last modified on 11 December 2024
Published in Global Cement News
Tagged under
  • Australia
  • Cement Australia
  • Heidelberg Materials Australia
  • Holcim Australia
  • BGC
  • Acquisition
  • GCW689
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