News

Cutler-Magner Company - News Release

November 30, 2007

For Immediate Release

Graymont Signs Agreement to Acquire Controlling Interest in Duluth-Superior Company

Salt Lake CityUtah -- Graymont, one of the leading producers of lime and limestone products in North America, has acquired a controlling interest in the Cutler-Magner Company, Graymont President and Chief Executive Officer Bill Dodge announced today.

“We look forward to welcoming the employees of Cutler-Magner to the Graymont family, Dodge said.”  “This purchase is in keeping with our growth strategy, building on our core strengths in the lime industry.  We felt there was a good match with Cutler-Magner.  We are both privately owned businesses with strong family ownership histories and a demonstrated commitment to customers, the safety of our employees, communities, and our natural environment.”

Cutler-Magner Company is a privately owned salt and lime processing and distribution business.  It was incorporated in 1880 and is one of the oldest companies in the region.  They serve customers in the upper Midwest of the U.S. and eastern Canada.  There are over 70 employees at both the salt facility in Duluth and the lime facility in Superior.

Graymont is the third largest producer of lime in North America with facilities across Canada and the U.S., and in partnership with Grupo Calidra, the largest lime producer in Mexico.

Media Contact:

Carl Gilbert  
Office:  (604) 249-1968 
Cell:      (412) 551-0916
Email:   cgilbert@graymont.com