Polycor Acquires Elliott Stone
QUÉBEC CITY — Polycor Inc. announced the acquisition on Oct. 1 of Elliott Stone Company Inc., a leading quarrier and fabricator of Indiana limestone based in Bedford, Ind. Terms of the deal weren’t announced.
The acquisition expands Polycor’s ability to deliver natural-stone building products for the hardscapes and masonry industry from one of the world’s largest quarriers.
“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.”
Founded in 1957, Elliott Stone is unique among limestone quarriers as the bulk of their material comes from an underground quarry. This allows for continuous operation even in inclement or winter weather, allowing the company to meet customer demand for quality limestone on schedule year-round.
Beginning immediately, Polycor will execute the planned integration of the two companies’ facilities, customers and employees to ensure a smooth transition that will deliver immediate value for all partners and stakeholders.
“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,” said Elliott Stone’s Brian Elliott. “Polycor has an unmatched reputation in the industry and I’m confident our synergies will contribute to the overall success of the business.”
Polycor, founded in Québec in 1987, now employs nearly 1,200 people and owns more than 50 quarries and 18 manufacturing plants across North America and Europe.
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