Polycor Acquires North Carolina Granite

QUEBEC CITY — Polycor Inc. announced an agreement today to acquire North Carolina Granite Corporation (NCGC), a leading quarrier and producer of granite for the construction, curbing and aggregate industries.

Terms of the deal weren’t disclosed. The acquisition is subject to certain closing conditions and expected to be formally completed before the end of 2020.

Click image to enlarge“The acquisition of NCGC is yet another important strategic milestone for Polycor as we continue to expand our geographic footprint, and further strengthen our portfolio of world- class natural stones,” said Patrick Perus, CEO of Polycor Inc. “This is truly an exciting time for us as our business continues to grow, both organically and through acquisition.”

Founded in 1889, Mount Airy, N.C.-based NCGC is known primarily for White Mount Airy Granite® from its main quarry located 90 miles north of Charlotte. The location, in use since 1743, is now considered the world’s largest open-faced quarry, and 30 structures at the site were included in the National Register of Historic Places in 1980.

NCGC’s website notes that the quarry produces more than two million square-feet of Mount Airy White annually. The site also includes one of the world’s largest curb-manufacturing facilities, along with the second-largest U.S. factory for the production of thin building-façade panels.

“For over 125 years, we have operated as an independent company, and have an exceptional reputation in the marketplace and in the community which we operate,” said William Swift, CEO of NCGC. “We are very pleased to join forces with Polycor, a company that shares our values and passion for natural stone, and which has a leading position in the global natural stone industry.

“We are excited to work together to continue growing our businesses and provide opportunities for our hard-working and dedicated employees.”

Perus added that, “this is truly an exciting time for us as our business continues to grow, both organically and through acquisition.

“We are very excited to bring NCGC’s tremendous resources, expertise, and talented employees to the Polycor family. This acquisition further underscores our firm commitment to be the leaders in ethically quarried stone.”

Polycor will now employ nearly 1,300 people and own over 50 quarries and 20 manufacturing plants across North America and Europe.