A prominent member company of the Concrete Institute of Australia has flagged its intention to acquire the largest concrete producer in the Australian Capital Territory.
Concrete Institute of Australia Gold member, Hanson Australia, has entered into a conditional purchase agreement to buy the premixed concrete business of the Elvin Group. The proposed acquisition has received informal merger clearance from the ACCC, however, both companies have agreed not to disclose the financial terms.
Elvin Group is the largest concrete producer in the Canberra ACT region, according to Hanson’s parent company, Heidelberg Materials. It was founded in 1970 as a family business and is now involved in civil, commercial, and residential work. The Group operates two concrete plants, a concrete laboratory, a sand blending plant, and an equipment and accessories supply outlet. It employs 85 people and contractors.
Member of the Managing Board of Heidelberg who is responsible for Australia, René Aldach, said the latest expansion of Hanson Australia’s business reflects the company’s strong focus on strengthening its footprint in core markets.
“With this bolt-on acquisition, we are expanding our vertically integrated market position and bringing our expertise in the fields of sustainability and digitalisation to one of the largest regional markets in Australia,” he said.
Heidelberg Materials is one of the world’s largest integrated manufacturers of building materials operating in cement, aggregates, and ready-mixed concrete with representation in 50 countries in 3000 locations with around 51,000 employees.
Image: Hanson Australia
About the author
Desi Corbett
Desi is the Editor of Concrete in Australia and at the helm of our magazine for 8 years. She was behind the Institute's weekly news bulletins from 2016-2021 and is now writing our focused news items. Desi has been an engineering news and features journalist/editor across all disciplines since 2013 - part of a 30-year career writing for a wide range of industries.