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