Heidelberg Materials has announced a binding agreement to acquire the construction materials business of Maas Group Holdings for approximately EUR 1.023 billion.
The deal will strengthen its aggregates and concrete capabilities across Eastern Australia. The transaction includes 40 quarries with reserves exceeding 350 million tonnes, 22 ready-mixed concrete plants, two asphalt operations, and a recycling site, along with adjacent activities.
Dr Dominik von Achten, Chairman of the Managing Board of Heidelberg Materials, stated: “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 in the industry.”
Strengthening market presence and sustainability
With operations spanning New South Wales, Queensland, and Victoria, Maas Group’s construction materials business employs over 1,000 people. The acquisition is expected to deliver substantial synergies, with an EBITDA multiple of 8.4× based on proforma EBITDA for the next 12 months post-completion. René Aldach, Chief Financial Officer of Heidelberg Materials, highlighted the benefits: “We are complementing our market presence in attractive regions while leveraging substantial synergies. Our growing base of customers along the Eastern Seaboard will particularly benefit from an expanding network of aggregates, asphalt, and ready-mixed concrete sites delivering high-quality, sustainable products.”
The acquisition aligns with Heidelberg Materials’ focus on sustainability, with plans to integrate the recycling site into its operations to promote circularity in building materials. Additionally, the deal supports the company’s broader strategy to optimise its portfolio and drive growth in core markets.
Regulatory approvals and timeline
The transaction is subject to regulatory approvals from the Australian Competition and Consumer Commission and the Foreign Investment Review Board, as well as Maas Group shareholder approval. Completion is expected in the second half of 2026, pending satisfaction of these conditions and other customary closing requirements.
This acquisition underscores Heidelberg Materials’ ambition to strengthen its role in the Australian construction materials market while advancing its sustainability and circular economy goals.
Source: https://www.european-coatings.com/news/markets-companies/heidelberg-materials-expands-australian-footprint-with-maas-group-acquisition/