Polycor continues growth with the purchase of another Indiana limestone producer
Polycor Inc in Canada, which merged with Indiana Limestone (ILCO) this time last year having previously bought four of Rocamat's quarries in France (read more of that here), has now taken over another American company, Elliott Stone Company Inc. Elliott Stone, based in Bedford, Indiana, is another leading quarrier and fabricator of Indiana limestone.
The acquisition announced this month (1 October) expands Polycor's ability to deliver a range of natural stone building products for the hardscape and masonry industries worldwide. Polycor now claims to be the largest quarrier of natural stone in the world.
"We are excited to bring Elliott Stone's technologies, processes and industry know-how into the Polycor family," says Matt Howard, President of Polycor West. "This is truly an exciting time for Polycor as our business continues to grow, not only from a product offering standpoint, but from an innovation and experience perspective as well."
Beginning immediately, Polycor will execute the planned integration of the two companies' facilities, customers and employees to ensure a smooth transition that it says will deliver immediate value for all partners and stakeholders.
Brian Elliott, of Elliott Stone, says the acquisition represents a new and exciting chapter for the family-owned business. "Elliott Stone has a long and proud heritage that we take great pride in, so as part of this transition we wanted to find someone who shared our same principles and values. Polycor has an unmatched reputation in the industry and I'm confident our synergies will contribute to the overall success of the business."
Founded in 1957, Elliott Stone is unusual among American limestone quarriers in extracting its stones from underground quarries rather than opencasting. A benefit is continuous production throughout Indiana's snowy winters, so the company can satisfy customer requirements for its stone on schedule all year.
Polycor Inc says its core mission is to make people fall in love with natural stone. Its reputation stems from a legacy of stonework on historical landmarks and institutional, commercial and residential buildings.
Founded in Québec City (Canada) in 1987, the company now employs nearly 1,200 people and owns more than 50 quarries and 18 manufacturing plants across North America and Europe.
Elliott Stone Company has been in operation for nearly half a century. The company has developed new quarrying processes, finishing techniques and machinery of its own design the better to provide customers with quick delivery of high quality products.