Sources: Polycor Inc., Quebec City, Quebec; CP staff
North America’s top natural stone producer, Polycor Inc., has effected a merger with a brand best known for The Pentagon and Empire State Building exteriors: Bloomington, Ind.-based dimensional stone, building product and hardscape unit fabricator Indiana Limestone Co. (ILCO).
“This transaction represents another milestone in [our] journey to become the global leader in the natural stone industry,” says Polycor CEO Patrick Perus. Beyond bringing Polycor a “world-class team,” he adds, the ILCO merger is expected to drive meaningful growth through cross-selling synergies, geographic expansion, and sharing of best practices. It will likewise provide an expanded product offering for customers of both companies, positioning the combined business as “the solution of choice for architects, builders, dealers and other stakeholders in the natural stone value chain.”
“Our business today touches the lives of dealers, fabricators, distributors and architects worldwide,” affirms ILCO CEO Tom Quigley. “We are proud to be a part of a great industry. Now, 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 our customers.”
The transaction was closed shortly after Polycor’s recent acquisition of four limestone quarries in France, positioning the company with 44 stone deposits and a payroll exceeding 1,100.