Heidelberg Materials is set to acquire the construction materials business of Maas Group Holdings, an Australian diversified industrial group listed on the ASX. The deal will add 40 quarries with reserves exceeding 350 million tonnes, 22 ready-mixed concrete plants, two asphalt operations, a recycling site, and related activities to Heidelberg Materials' portfolio. The acquisition, valued at AUD 1.7 billion on a cash and debt free basis, aims to strengthen Heidelberg Materials' position in Australia, particularly along the Eastern Seaboard, by expanding its aggregates, asphalt, and concrete supply capabilities. The transaction is expected to generate significant synergies and enhance the company's high-quality, sustainable product offering in the region.

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