NALC enters joint venture
NALC LLC entered into a joint venture with Alexander House to develop an industrial minerals business called Midwest Calcium Carbonates. The joint venture will be based in Putnam County, Ind.
Midwest Calcium Carbonates includes a new plant located on a portion of the 350-plus acres of reserves NALC controls. The plant processes high-calcium carbonate geology.
“I am very pleased to be partnering with the NALC team,” House says. “This joint venture has allowed us to develop a facility that can reach customers with a variety of applications across the Midwest.”
Additionally, NALC recently completed a buyout of a facility lease from Natural Resource Partners (NRP). According to NALC, NRP provided a portion of the funding needed for the construction of the grind facility in Putnam County.
“Thanks to our strong underlying operations, we are happy to have bought out NRP,” says Greg Gould, CEO of NALC. “Together with our MCC joint venture, NALC is now poised to grow its core business, while dramatically expanding its fine grind business with a well recognized industry leader like Mr. House.”
About the Author: Allison Kral
Allison Kral is the former senior digital media manager for North Coast Media (NCM). She completed her undergraduate degree at Ohio University where she received a Bachelor of Science in magazine journalism from the E.W. Scripps School of Journalism. She works across a number of digital platforms, which include creating e-newsletters, writing articles and posting across social media sites. She also creates content for NCM's Portable Plants magazine, GPS World magazine and Geospatial Solutions. Her understanding of the ever-changing digital media world allows her to quickly grasp what a target audience desires and create content that is appealing and relevant for any client across any platform.Subscribe to Pit & Quarry
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