BGC (Australia) Pty Ltd (BGC) is pleased to announce it has reached an agreement to acquire the iconic Western Australian business Midland Brick from the property development consortium that recently purchased the extensive land holding and plant from former owner Boral Australia.
The consortium comprises experienced property development groups Hesperia (formed recently from the merger of Linc Property and Fini Group) and Birchmead (part of the CFC Group), which will focus on the redevelopment of those areas of the current Midland Brick site that are no longer required for brickmaking.
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 decision demonstrates BGC’s ongoing commitment to the Western Australian manufacturing and building sector at a time of unpreceded 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.”
The acquisition is subject to a number of regulatory conditions considered customary in this type of transaction.
“We 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.