A Canadian multinational says its decision to enter the New Zealand market reflects its confidence in our economy.

Lime and limestone processor Graymont is seeking approval to purchase Taylor's Lime, and shares in McDonald's Lime.

Graymont president Stéphane Godin says the acquisition reflects confidence in our long-term growth prospects.

The company doesn't expect jobs at the operations south of Hamilton and north of Dunedin to be affected if the takeover proceeds.