Displaying items by tag: Heidelberg Materials

UK: The purchase of Mick George (MG) by Hanson Quarry Products Europe (Hanson), could result in less choice and higher prices for building contractors in parts of England, according to a Phase 1 Investigation by the Competition and Markets Authority (CMA). It has provisionally found that the proposed purchase of MG by Hanson raises competition concerns in certain markets for building materials in East of England and the East Midlands. Hanson is wholly owned by Heidelberg Materials.

The investigation concerns the supply of ready-mix concrete and aggregates. Colin Raftery, CMA Senior Director for Mergers said "These products are an important input for building projects, so a loss of competition between two of the main suppliers could result in increased construction costs for businesses and public bodies. In many areas where both businesses are active, sufficient competition will remain. But in some local markets, where there are not enough strong alternatives to the merging business, the deal could limit customer choice.”

Hanson and MG now have five working days to address the CMA's concerns. If they are unable to do so, the merger will be referred for an in-depth Phase 2 investigation.

UK: Heidelberg Materials UK commissioned its new Sutton Courtenay ready-mix concrete plant in Oxfordshire on 17 October 2023. Local press has reported that the plant is equipped with a waste management system for concrete washout and a rainwater harvesting system.

UK: Germany-based Heidelberg Materials has signed a deal for the acquisition of Mick George Group, the leading concrete recycling company in the East Midlands and East of England. Mick George Group’s 40 sites span bulk excavation, earthmoving and demolition services and demolition waste removal and management, as well as ready-mix concrete and aggregates distribution.

Heidelberg Materials Western and Southern Europe director Jon Morrish said “With the acquisition of Mick George, we are clearly moving towards establishing a truly circular materials and services offer in our UK business. I warmly welcome all 1000 Mick George employees to Heidelberg Materials and look forward to further developing the business together.”

Heidelberg Materials aims to offer circular alternatives for half of its products by 2050.

Spain: Votorantim Cimentos Spain has completed its acquisition of Heidelberg Materials' businesses in the south of Spain. Under the deal, Votorantim Cimentos Spain gains control of FYM's 1.6Mt/yr Málaga cement plant, as well as three aggregates quarries and 11 ready-mix concrete plants in Andalusia.

Brazil-based Votorantim Cimentos' Europe, Asia and Africa CEO Jorge Wagner said “This acquisition is fully aligned with our strategy, reinforces our presence in the Iberian Peninsula to better serve our customers and creates significant synergies with our existing assets. Besides this, it will be key to accelerating our decarbonisation journey to achieve our 2030 Sustainability Commitments."

Votorantim Cimentos Spain operates a mortar plant and multiple concrete batching and aggregates plants across Andalusia, the Canary Islands, Castile and León, Extremadura and Galicia.