Heidelberg Materials UK has completed the Mick George acquisition. Image: Mick George
Heidelberg Materials UK has completed its acquisition of Mick George following the Competition and Markets Authority investigation.
The deal was announced last year between the two companies, but CMA raised concerns about the acquisition’s impact on competition in the East Midlands.
“These products are an important input for building projects, so a loss of competition between two of the main suppliers could result in increased construction costs for businesses and public bodies,” CMA senior director for mergers Colin Raftery said at the time.
Heidelberg Materials UK and Mick George agreed to divest several assets to address CMA concerns. The divestment includes eight Heidelberg Materials and MGL sites to PJ Thory as well as Needingworth quarry to Brice Aggregates.
Mick George has been acquired by Heidelberg Materials. Image: Mick George Group
MGL has an annual turnover of around £220 million and specialises in recycling and waste management services. It operates around 40 recycling facilities, waste transfer stations, aggregate quarries and ready-mixed concrete plants in East Anglia and the East Midlands.
“I am delighted to confirm the completion of the acquisition of MGL, which is an exciting milestone for us. It is a strong fit and represents a major step as we embrace the opportunities the construction waste sector represents,” Heidelberg UK chief executive Simon Willis said.
“It will allow us to drive the use of recycled aggregate in building materials and help us reach our target to offer circular alternatives for half of our concrete products by 2030.
“Promoting circularity and thereby reducing the use of primary raw materials is crucial to achieving net zero and we are committed to playing our part.
“I am looking forward to working together to explore further opportunities and develop the combined business.”
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