Cement Australia JV to acquire BGC cementitious division

Acquisition further expands Heidelberg Materials’ and Holcim’s footprints in attractive Australian market 

CEMENT Australia, a joint venture between Heidelberg Materials Australia and Holcim Australia, have agreed to acquire the cementitious division of the Perth-based Buckeridge Group of Companies (BGC).

Founded in 1959 as a property development and building company, BGC grew to become an innovation-focused integrated construction and manufacturing business centred on Western Australia.

BGC’s cementitious business portfolio consists of cement, concrete, quarry, asphalt, and transport operations, as well as a materials technology centre. The transaction includes, among others, a state-of-the-art cement grinding unit with significant capacities.

‘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.’

Martin Kriegner, Holcim’s region head for Asia, the Middle East, and Africa, and chairman of Cement Australia, said: ‘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.’

The Cement Australia joint venture is a leading supplier of cementitious products, building materials, and solutions and services in Australia. The acquisition of BGC’s cementitious business is subject to regulatory approval.