Holcim, NZ Steel sell lime business to Canada's Graymont

Sun, 14 Dec 2014

By Suze Metherell Dec. 15 (BusinessDesk) - Graymont, the Canadian lime business, has agreed to buy McDonalds Lime from Holcim New Zealand, which plans to close its Westport cement plant in 2016, and Bluescope Steel-owned New Zealand Steel for an undisclosed sum. The local operations of the international cement company will also sell its Taylor's Lime assets to Graymont, the companies said in a joint statement. McDonalds Lime is 72 percent owned by Holcim NZ, with the remainder owned by NZ Steel, and has the country’s largest lime quarry a...

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