Hanson Australia Acquires Alex Fraser Group
The Chief Executive of Hanson Australia, Phil Schacht said “the acquisition was consistent with Hanson Australia’s strategy. 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”
“We believe it is important for Alex Fraser to retain its brand and continue to operate as a stand-alone business. We’ve been impressed by Alex Fraser’s unique sustainability offering, innovation and organisational culture, and we look forward to working together to harness these strengths”. Phil said.
Alex Fraser Managing Director Peter Murphy said the acquisition by Hanson was 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.” Peter said.
ABOUT HANSON AUSTRALIA
Hanson is an Australian leader in the construction materials industry with a long history and extensive network across the country, and a well-earned reputation for world-class technologies and service platforms. Hanson is an industry leader in aggregates, concrete, sand and heavy building products.
Hanson is part of the Heidelberg Cement Group, which employs over 60,000 people across five continents.
For more information visit: www.hanson.com.au
The day of the announcement
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