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“We are excited about this acquisition and both the near- and long-term opportunities it generates when combined with Victor Oolitic. Furthermore, the acquisition of Indiana Limestone is consistent with North Coast Minerals’ strategy of seeking niche industrial minerals companies with a unique reserve capable of supplying a variety of specialty end markets, including energy, environmental, building materials, agricultural and industrial,” said Michael Lundin, Chairman, North Coast Minerals and Operating Partner, Resilience Capital Partners.
“This transaction brings together two leading players in the market place. We look forward to continuing the heritage of these businesses and exploring further growth opportunities in the niche industrial minerals segment,” added Bassem Mansour, Co-CEO, Resilience Capital Partners.