Media releases & Case studies

Successful closing on sale of Lime and Limestone assets

Antwerp, Belgium; Richmond, BC, Canada; Santa Fe, Mexico; August 1, 2019, industrial specialty minerals group Sibelco announced today that they are moving forward with the previously announced sale of their global lime and limestone business to Graymont and Grupo Calidra.

In accordance with the terms of the purchase agreement, Graymont will acquire five Sibelco lime plants and a number of limestone quarries on the east coast of Australia, as well as lime plants in Malaysia and the Philippines. Grupo Calidra will acquire Sibelco’s lime operations in Argentina and Chile.  The process to complete the acquisition by Graymont of Sibelco’s Indonesian lime operations is continuing and the parties hope to obtain the required regulatory approvals in Indonesia later in 2019.

Commenting on the transaction, Jean-Luc Deleersnyder, Chief Executive Officer of Sibelco, said: “We are pleased to reach this point in the sale of Sibelco’s Lime and Limestone operations. With the majority of the sale concluding, Sibelco is in a strong position to leverage its strengths and pursue future growth opportunities. We are confident that our people are joining strong businesses which share our values with respect to the safety and well-being of employees, as well as business and environmental sustainability.  The fact that lime and limestone is the core business of both Graymont and Grupo Calidra will, we believe, ensure the needs of our lime and limestone customers will continue to be met in the long term.”

“With this transaction, Graymont is well positioned to further expand its reach in Asia-Pacific,” stated President and Chief Executive Officer Stéphane Godin.  “We are delighted to welcome aboard our new team members as, together, we will pursue Graymont’s world class vision and meet the needs of existing and new customers in some of the world’s most-dynamic and fast-growing markets.”

Mr. Godin noted that “wherever Graymont operates, we aim to be the preferred supplier, employer, and partner of choice – and Asia-Pacific is certainly no exception in that respect.”

Jorge Bautista, Chief Executive Officer of Grupo Calidra, said the quality assets being acquired in Argentina and Chile are an excellent fit with the group’s existing network of operations, “reinforcing Grupo Calidra’s position as the lime industry supplier of choice in Latin America and underscoring the mutually beneficial nature of our strategic partnership with Graymont.”

Mr. Godin and Mr. Bautista both cited the underlying values shared by all three organizations – including strong commitments to workplace safety and sustainability and an intense customer focus – as crucial elements that will help ensure a smooth transition from Sibelco to the new ownership.

 

About Sibelco
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 195 production sites in 34 countries, with a team of some 10,000 people.

About Graymont
Graymont is a global leader in lime and limestone solutions. Headquartered in Canada, Graymont serves markets throughout North America and Asia-Pacific. Graymont also has a significant investment in Grupo Calidra. Professionally managed and family owned, the company has been in operation for over 70 years.

About Grupo Calidra
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 90 years of continuous experience in the lime and limestone industries.

 

For further information, contact:

Sibelco:

Tim Weekes
Vice President, Group Communications
Tel: +32 473 984914
tim.weekes@sibelco.com

Helen Stanley (Australasia)
Communications Manager
Tel: +61 2 9458 2979
helen.stanley@sibelco.com.au

Graymont / Grupo Calidra:

Mathieu Bouchard
Vice President, Corporate Affairs, Environment and Sustainability
+1 450 645-2452