Simpson Grierson advises Graymont on purchases

Simpson Grierson advises Graymont on purchase of McDonalds Lime and Taylors Lime

Simpson Grierson partner Michael Pollard and senior associate Mark Tan have acted for Canadian lime business Graymont in its purchase of McDonalds Lime from Holcim New Zealand and New Zealand Steel for an undisclosed sum and the purchase of Taylors Lime from Holcim.

Graymont is the second largest supplier of lime and lime-based products in North America. This is the Canadian company's first investment outside North America.

Michael Pollard says of the work, "This was a challenging process with significant interest shown in the businesses from both New Zealand and offshore buyers. Graymont is a specialist lime producer and it has been exciting to hear of their plans for the businesses in New Zealand, particularly given the broad uses of lime. Coupled with their expertise, the Graymont team is very inclusive and they will be great investors in New Zealand."

ENDS

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