Announced
Completed
Financials
Tags
bricks industry
Private
Building Materials: Other
Acquisition
Australia
bricks
Friendly
Domestic
Single Bidder
Majority
Completed
Synopsis
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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