Cement Australia to acquire the cementitious division of BGC for A$800m.

Cement Australia, a joint venture between Heidelberg Materials Australia and Holcim Australia, agreed to acquire the cementitious division of BGC, a diversified construction and manufacturing group, for A$800m. "The acquisition of BGC complements and expands our growing business in Australia, marking an important strategic step to further strengthen our existing footprint in this attractive core market," Dominik von Achten, Heidelberg Materials Chairman.