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.
