King & Wood Mallesons (KWM) acted for Hanson Australia on its acquisition of Australia-based recycling and asphalt business Alex Fraser Group.
Alex Fraser offers a network of facilities across Melbourne and Brisbane, and was listed for sale in 2017 by UK-based Swire Group.
The KWM team was led by Sydney based Mergers & Acquisitions Partner Adrian Perkins, supported by Senior Associate James Slimnicanovski and Solicitors Will Mason, Sam Monk and Will Bartlett.
Commenting on the acquisition, Adrian Perkins said: "We are really pleased to have partnered with our long-standing client Hanson on another strategic acquisition, which will support its ongoing growth strategy in aligned industries."
KWM has advised Hanson on a number of strategic acquisitions previously, including its $203 million acquisition of Fletcher Building's Rocla Quarry Products business.
Established in 1879, Alex Fraser has become Australia's leading provider of recycled construction materials.