Polycor merges with Indiana Limestone

By |  October 17, 2018

Polycor_IndianaLimestonePolycor, a producer of natural stone, completed its merger with Indiana Limestone Co. (ILCO), a limestone quarrier and building materials producer headquartered in Bloomington, Indiana.

The merger between the two companies is expected to drive growth through cross-selling synergies, geographic expansion, sharing of best practices and expanded product offering, according to the companies.

“This transaction represents another milestone in Polycor’s journey to become the global leader in the natural stone industry,” says Patrick Perus, president and CEO of Polycor. “We are thrilled to be joining forces with the leading producer of Indiana limestone in ILCO and look forward to welcoming this world-class team into the Polycor family.”

Shareholders of Indiana Limestone, which was founded in 1926, will become minority shareholders in the go-forward entity, according to the company.

“Our business today touches the lives of dealers, fabricators, distributors and architects worldwide,” says Tom Quigley, CEO of Indiana Limestone. “By joining with Polycor, a business partner with whom we share common values, passion and ambition, there is unlimited potential to expand our offering and deliver even greater value to customers.”

Zach Mentz

About the Author:

Zach Mentz is editor in chief of Portable Plants magazine and managing editor for Pit & Quarry magazine. Zach is a graduate of the Tim Russert Department of Communications at John Carroll University. His previous experience also includes time spent in the Cleveland Indians communications department.

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