Jan. 17, 2019 - Industrial specialty minerals group Sibelco announced today that it has entered into an agreement to sell its lime and limestone activities to two leading players in the lime and limestone industry – Graymont and Grupo Calidra. The sale includes Sibelco’s lime and limestone operations in Australia, Malaysia, Indonesia, the Philippines, Argentina and Chile. Under the terms of the agreement Graymont will extend its global reach in the Asia-Pacific region, with the acquisition of the operations in Australia, Malaysia, Indonesia and the Philippines. Grupo Calidra – in which Graymont has a significant equity interest – will acquire the operations in Argentina and Chile.
Commenting on the transaction, Jean-Luc Deleersnyder, Chief Executive Officer of Sibelco, said: “Through this transaction we will further sharpen our focus on material solutions where we can attain global leadership positions. We will also gain additional flexibility to pursue future growth opportunities. We are pleased that the lime and limestone assets will find a home in strong, family-owned enterprises which share our values with respect to the well-being of employees and the environment. The fact that lime and limestone is the core business of both Graymont and Grupo Calidra will ensure the continued viability and success of these operations.”
J. Graham Weir, Chairman of the Board of Directors of Canadian-based Graymont, commented: “This latest acquisition represents another significant milestone in Graymont’s history and strengthens our position as a world class leader in lime and limestone products.”
“The acquisition of these strategically located assets will extend our reach in a high growth region of the world,” stated President and Chief Executive Officer Stéphane Godin. Mr. Godin noted that, wherever Graymont operates, “we aim to be the preferred supplier, employer, and partner of choice. To that end, I look forward to welcoming aboard new team members, customers and other stakeholders in the Asia-Pacific region and familiarizing them with Graymont’s world class vision.”
Jorge Bautista, Chief Executive Officer of Mexico-based Grupo Calidra, said the transaction “further strengthens our position as the lime industry supplier of choice in Latin America, and underscores the mutually beneficial nature of our strategic partnership with Graymont.”
The transaction is subject to certain regulatory approvals and is expected to be completed during 2019.
Graymont is a global leader in the supply of lime and limestone products. It serves major markets throughout the United States and Canada and continues to extend its reach into the Asia-Pacific region. Founded in 1948, the privately held company is based in Richmond, British Columbia, Canada.
About Grupo Calidra
Founded in 1907, Grupo Calidra is the largest lime producer in Mexico, with multiple production sites throughout Latin America. The company is privately held and has more than 100 years of continuous experience in the lime and limestone industries.
Sibelco is a global leader in material solutions and sources, transforms and distributes an extensive portfolio of specialty industrial minerals. Sibelco’s solutions support the progress of modern life and serve industries as diverse as glass, ceramics, construction, coatings, polymers, metals, agriculture and water purification. In addition, Sibelco is a majority shareholder in Covia, a leading NYSE-listed provider of minerals and material solutions for the industrial and energy markets in North America. The Sibelco Group operates over 200 production sites in 37 countries, with a team of some 9,500 people.