TorQuest-backed Polycor merges with Wynnchurch's Indiana Limestone
Québec City-based natural stone quarrier Polycor Inc has merged with Indiana Limestone Co (ILCO), a limestone quarrier and building products supplier based in Bloomington, Indiana. Terms weren't disclosed for the deal, which follows Polycor's July acquisition of four French limestone quarries. The seller was U.S. private equity firm Wynnchurch Capital, which acquired ILCO's assets out of bankruptcy in 2014. Polycor President and CEO Patrick Perus said ILCO joining his company marks "another milestone in Polycor's journey to become the global leader in the natural stone industry." Polycor is a portfolio company of Canadian private equity firm TorQuest Partners. TorQuest acquired majority control in 2016.
11 October 2018•4 mins read
