Heidelberg Materials in Australia entered into a conditional purchase agreement to acquire the premixed concrete business of Midway Concrete. Midway operates four concrete plants in the greater Melbourne and Geelong areas and has a long-standing reputation in the sector. This acquisition complements Heidelberg Materials’ concrete and quarry operations to support the company’s vertical business integration in Australia. The financial terms of the transaction have not been disclosed. The proposed acquisition is conditional on informal merger clearance from the Australian Competition and Consumer Commission.