Holcims Latest News Heres the latest media release from Holcim, about their lime businesses in New Zealand, including Taylors Lime near Palmerston: Holcim [New Zealand] Limited and New Zealand Steel Limited have entered an agreement for Canada based company, Graymont to purchase their shares in McDonald’s Lime. Graymont has also entered an agreement with Holcim to acquire the assets of Taylor’s Lime from the company. These agreements include the retention of all employees on their current terms and conditions. “We look forward to welcoming the employees of McDonald’s and Taylor’s to Graymont,” says Graymont President and Chief Executive Officer, Stéphane Godin. “Together we will continue to reliably deliver quality products and services to our customers and realise our world class vision built on a strong safety culture, commitment to improving environmental performance, and engagement with the communities in which we operate” he added. This acquisition reflects Graymont’s confidence in the long-term growth prospects for the New Zealand economy and the region. The transaction is subject to obtaining all the usual regulatory approvals. It is anticipated that the transaction will be completed during 2015. Graymont is a world class business and is North America’s second largest supplier of lime and lime-based products with facilities across the United States and Canada, and has a significant investment in Grupo Calidra, the largest lime producer in Mexico. This acquisition by Graymont can also be taken as a sign of their faith and confidence in the opportunities in New Zealand. This agreement is also another step in Holcim’s strategic plan. As you know, Holcim is moving to an imported cement model and is investing $100million in two import terminals in Auckland and Timaru to support this. The transaction is subject to obtaining all the usual regulatory approvals. It is anticipated that the transaction will be completed during 2015. taylorslime.co.nz
Posted on: Mon, 15 Dec 2014 21:10:46 +0000
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