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Announced

Completed

Western Australian consortium completed the acquisition of Midland Bricks from Boral for $86m.

Financials

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Transaction Value£69m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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bricks industry

Private

Building Materials: Other

Acquisition

Australia

bricks

Friendly

Domestic

Single Bidder

Majority

Completed

Synopsis

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A Western Australian consortium consisting of Linc Properties, Bichmead, and Fini Group completed the acquisition of Midland Brick, the brick manufacturing unit of Boral for $86m. Boral sells the brick business along with the associated ~800ha of landholdings. The transaction is expected to be closed by the end of the year. "We are confident that this change of ownership will strengthen Midland Brick's prospects for the future which is great news for the customers and our local staff." Mike Kane, Boral CEO.

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