Barros & Errázuriz, Linklaters and Prieto advised on the deal
Graymont and Grupo Calidra have entered into an agreement to purchase the global lime and limestone business of the Belgium-based Sibelco group.
The purchase includes operations located across the Asia-Pacific region in Australia, Malaysia, Indonesia, the Philippines, and South America in Argentina and Chile.
Under the terms of the agreement, Graymont will extend its global reach in the Asia-Pacific region, with the acquisition of five active lime plants and a number of limestone quarries on the east coast of Australia as well as lime plants in Malaysia, Indonesia and the Philippines. Grupo Calidra will acquire the operations in Argentina and Chile.
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 family-owned company is based in Richmond, British Columbia, Canada.
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.
Headquartered in Antwerp, Belgium, Sibelco is a privately-owned business which manufactures and distributes an extensive multi-mineral portfolio. Sibelco serves a diverse customer base in industries such as glass, ceramics, construction & engineering, paint, coatings, polymers, metallurgy, oil & gas and agriculture. Sibelco is the 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 200 production sites in 37 countries and employs some 9,500 people.
Barros & Errázuriz advised Graymont and Grupo Calidra with Carlos Ducci González (Picture), Lucas Marinovic, Jorge Covarrubias, Hugo Molina Núñez, Paulina Eyzaguirre, Vicente Cordero Becker and Francisca Ellis.
Linklaters advised Sibelco with Charles-Antoine Leunen, Jonathan Sadler and Evita Bassot.
Prieto advised Sibelco with Juan Tagle, Isabel Margarita Wolleter E., Andrés Laymuns M. and Emilio Del Real P.
Involved fees earner: Vicente Cordero Becker – Barros & Errázuriz Abogados; Jorge Covarrubias Serrano – Barros & Errázuriz Abogados; Carlos Ducci – Barros & Errázuriz Abogados; Francisca Ellis – Barros & Errázuriz Abogados; Maria Paulina Eyzaguirre Ercilla – Barros & Errázuriz Abogados; Lucas Marinovic – Barros & Errázuriz Abogados; Hugo Molina – Barros & Errázuriz Abogados; Evita Bassot – Linklaters; Charles-Antoine Leunen – Linklaters; Jonathan Sadler – Linklaters; Emilio Del Real – Prieto; Andrés Laymuns – Prieto; Juan Tagle – Prieto; Isabel Margarita Wolleter – Prieto;