BGC (Australia) Pty Ltd (BGC) welcomes today’s announcement by the Australian Competition and Consumer Commission (ACCC) to not oppose BGC’s acquisition of the iconic Western Australian business Midland Brick.
BGC chief executive Danny Cooper said this transaction will see two iconic Western Australian brands continue to meet the needs of the Western Australian construction sector.
“This acquisition demonstrates BGC’s ongoing commitment to the Western Australian manufacturing and building sector at a time of unprecedented economic challenges, as a result of the uncertainty created by the pandemic.” Mr Cooper said.
“With combined operations, BGC is well positioned to ensure reliable and safe delivery of quality products for all customers throughout the building cycles, particularly to meet the demand driven by the COVID-19 stimulus.”
Midland Brick has a proud Western Australian history spanning 75 years and is one of WA’s most recognised and respected brands. BGC will embrace that brand heritage and continue the Midland Brick trading name.
“We are excited about the opportunities ahead for the brick and masonry paving businesses, and the ability to leverage the additional capabilities and strengths of the Midland Brick team.”
“We are now focused on completing the transaction early in the new year and look forward to welcoming the Midland Brick employees to the BGC team and working together to continue delivering quality building products for all Western Australians.” Mr Cooper said.