Graymont and Grupo Calidra entered into an agreement to purchase the global lime and limestone business of Sibelco group, including operations in Australia, Malaysia, Indonesia, the Philippines, Argentina, and Chile. Graymont will acquire assets in Asia-Pacific, while Grupo Calidra will acquire operations in Argentina and Chile.
Unimin Corporation completed the acquisition of Fairmount Santrol Holdings Inc., with Fairmount shareholders receiving $170 million in cash and 35% of the combined company, while Sibelco owns the remaining 65%.
Fairmount Santrol and Unimin Corporation, a subsidiary of SCR-Sibelco NV, announced a definitive agreement to combine in a tax-free cash and stock transaction. The combined company will have an estimated 45 million tons of annual processing capacity and expects $150 million in annual synergies.