Trailer Magazine

Hanson Australia acquires Alex Fraser Group

  • Posted on Thursday 1st, February 2018.

Building material company, Hanson Australia, has acquired Alex Fraser Group, a leading provider of recycled construction materials and asphalt in Australia.

A subsidiary of the German multinational HeidelbergCement, Hanson Australia acquired the company after John Swire & Sons decided to sell Alex Fraser Group last year following a strategic review. The purchase price for the assets amounts to approximately $208 million.

“The acquisition represents an important step for Hanson Australia and it further strengthens the market position in the urban centres of Melbourne and Brisbane,” said Chairman of the Managing Board of HeidelbergCement, Dr. Bernd Scheifele.

“In particular it will provide Hanson Australia with expertise in asphalt and construction materials recycling that complements the existing business and can be leveraged for entry into other markets.

“It is fully in-line with our strategy of value creating acquisitions, and we are expecting significant synergies,” he said.

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