Australia-based Alex Fraser Group has announced its acquisition by Hanson Australia, a subsidiary of the Germany-based HeidelbergCement Group, which employs more than 60,000 people on five continents.
“The acquisition of Alex Fraser represents an important step for Hanson Australia, as we continue to look at strategic opportunities in sectors where there are obvious synergies and growth prospects,” says Phil Schacht, chief executive of Hanson Australia. He said the acquisition was consistent with Hanson Australia’s strategy to continue its growth in aligned industries, such as recycling and asphalt.
“We believe it is important for Alex Fraser to retain its brand and continue to operate as a stand-alone business,” adds Schacht. “We’ve been impressed by Alex Fraser’s unique sustainability offering, innovation and organizational culture, and we look forward to working together to harness these strengths and increase the company’s footprint.”
Peter Murphy, managing director of Derrimut, Victoria-based Alex Fraser Group, says the acquisition by Hanson is an exciting opportunity for the business and its people. “I’m delighted to see Alex Fraser acquired by Hanson, which is one of Australia’s largest and most innovative providers of construction materials. There are great synergies between our businesses. There’s a bright future ahead for Alex Fraser. We look forward to being part of Hanson.”
On its website, Alex Fraser Group indicates it produces recycled aggregates, asphalt, road base and sand at eight facilities in Australia, and also provides collection bin services for discarded C&D materials in metropolitan Melbourne and Brisbane, Australia.