Maas Group Holdings Limited acquires Dandy Premix

Maas Group Holdings Limited (ASX:MGH) announced that it has entered into a contract to buy Dandy Premix. Dandy Premix is a combined construction materials business in southeast Melbourne functioning with five concrete plants, a sand quarry, and a hard rock quarry.

The purchase of Dandy Premix helps MGH to establish a substantial presence in a significant market with a good growth outlook underpinned by outgoing robust construction and infrastructure spending. The total purchase consideration is AU$85.0 million, including AU$76.5 million in cash and AU$8.5 million of shares in the company determined at the 5-day VWAP at completion.

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