Resilience Capital Partners, a leading private equity firm, announced the acquisition of Indiana Limestone Co. This transaction is the second acquisition under Resilience’s industrial minerals platform, North Coast Minerals. Indiana Limestone is a complementary business to Victor Oolitic Stone Co., which was acquired by Resilience in November 2009. Like Victor Oolitic, Indiana Limestone has been a leading supplier of Indiana limestone to the dimensional stone marketplace for over 100 years. Its products and services are well-known in the industry for having consistent color, grain structure/size, texture, finish and fabrication capabilities.
“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
“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.