Mississippi Lime to acquire Southern Lime.

Mississippi Lime, a leading global supplier of high-calcium lime products and a portfolio company of HBM Holdings has executed a definitive agreement to acquire the Calera, Alabama lime business of Covia. Financial terms were not disclosed. The Calera business supplies high-calcium quicklime and hydrated lime products to customers in the Southeastern US, and across a range of end uses and applications. The Calera operation increases Mississippi Lime’s production facilities to nine locations, supported by a network of distribution sites throughout the country. The business will be fully integrated into existing Mississippi Lime operations. “Southern Lime is a strong diversification investment for both Mississippi Lime and HBM. The business exposes us to a different geography and end-use mix, in a market we understand well. I am confident this investment will bring exciting opportunities across our portfolio, well into the future.” Anderson Fincher, HBM Holdings CEO.