Heidelberg Materials to acquire Mass Group’s construction materials business

Heidelberg Materials Australia has entered into a binding agreement to acquire the construction materials business of Maas Group Holdings, a diversified industrial group listed on the Australian Securities Exchange.

The transaction remains subject to regulatory approvals. Heidelberg says the parties expect to complete the deal in the second half of 2026.

According to Heidelberg, which is based in Germany, Maas Group’s construction materials business is based across Australia with locations in New South Wales, Queensland and Victoria. The business employs over 1,000 people and includes 40 quarries with combined reserves of more than 350 million tons, 22 ready-mixed concrete plants, two asphalt operations and a recycling site as well as adjacent activities.

Heidelberg says the transaction reflects a total enterprise value of AUD1.7 billion ($1.2 billion). The firm added that the deal will enhance its position in Australia, drive further growth and promote circularity.

“This acquisition is part of our growth focus combined with a disciplined approach to continuously optimize our portfolio,” Heidelberg Materials CEO Dominik von Achten says. “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.”