Graymont has finalized its previously announced acquisition of two New Zealand-based producers, McDonald’s Lime and Taylor’s Lime. The acquisition extends the U.S. and Canadian producer’s reach into the Asia-Pacific region. Graymont also has a significant investment in Grupo Calidra, the largest lime producer in Mexico.
“Completion of this acquisition represents a milestone in terms of extending Graymont’s reach beyond North America to serve new customers in select global markets,” stated Graymont President and Chief Executive Officer, Stéphane Godin. “We have great confidence in the long-term growth prospects of the New Zealand economy and the region.”
Glenda Harvey, Country Manager of Holcim New Zealand, former owner of the lime and limestone businesses, said “McDonald’s and Taylor’s Lime have been a key part of our operations for decades. We are pleased to have been able to conclude the sale to such a highly-regarded industry leader like Graymont.”
While welcoming employees of McDonald’s and Taylor’s to Graymont, Godin noted it is evident they share common values with their new Graymont colleagues, including a strong safety culture, a customer focus and commitment to continuously improve environmental performance and engage with the communities where we are present. “Together, we will continue delivering high-quality products and services to our customers in New Zealand, while striving to achieve the world-class standards for workplace safety, environmental and operating practices to which all of Graymont is committed.”
John Reeves, previously general manager of the New Zealand lime and limestone operations, has been appointed Graymont’s vice president for New Zealand, ensuring a seamless transition.