Heidelberg Materials Australia, formerly known as Hanson Australia, has announced it has entered into a conditional purchase agreement to acquire the premixed concrete business of Midway Concrete, a move set to strengthen its presence in the greater Melbourne and Geelong markets.
Midway Concrete, a family-owned business established 23 years ago in Sunshine, Melbourne, operates four concrete plants located in Laverton, Craigieburn, Melton, and Lara.
The company has built a strong reputation for excellent customer service and high-quality products, becoming one of the region’s most trusted concrete suppliers.
Phil Schacht, Chief Executive of Heidelberg Materials Australia, highlighted the strategic fit of the acquisition, stating: “This acquisition complements Heidelberg Materials’ existing concrete and quarry operations within Melbourne and aligns with our strategy of acquiring bolt-on assets that support the company’s existing integrated positions in major markets.
“Midway’s proven track record over the last 20 years will be a valuable addition to Heidelberg Materials’ operations.”
David and Sharon Boxshall, owners of Midway Concrete, reflected on the company’s journey and expressed gratitude to their team and customers, stating: “We established this family business 23 years ago in Sunshine (Melbourne) with two trucks, and it grew to become one of Melbourne’s most trusted concrete suppliers.
“We would personally like to thank all the Midway employees and customers for their friendship and support throughout the decades, and we look forward to watching Midway Concrete’s next journey with Heidelberg Materials.”
The proposed acquisition is subject to informal merger clearance from the Australian Competition and Consumer Commission (ACCC).
Both companies have confirmed that no jobs are expected to be affected by the transaction. Financial terms of the deal have not been disclosed, and completion is anticipated by mid-2025.
Heidelberg Materials Australia’s acquisition of Midway Concrete follows its recent expansion activities and underscores its commitment to strengthening its integrated operations in major Australian markets.
