BREAKING NEWS West Lafayette City Councilor Norris Wang dies over weekend Full Story

Merger could send Indiana limestone to international markets

The recent merger of two natural stone producers is expected to expand the market for limestone produced by four southern Indiana quarries far beyond the Midwest.

Posted: Jul 22, 2019 9:39 AM

INDIANAPOLIS (AP) — The recent merger of two natural stone producers is expected to expand the market for limestone produced by four southern Indiana quarries far beyond the Midwest.

Canada-based Polycor Inc., which merged with the 92-year-old Indiana Limestone Co. in October, has strong footholds on the East Coast and the Southeast, as well as in India, China, South Korea and Europe.

Only around 30% of the limestone produced by Indiana Limestone's four quarries in the state is currently sold outside the Midwest. But Polycor plans to use its international network of sales representatives to boost the Bloomington-based limestone producer's reach, the Indianapolis Business Journal reported.

"Indiana Limestone has a great product, and Polycor has a great (customer) pipeline. The new markets where they are gaining exposure will help them immensely," said Todd Schnatzmeyer, executive director of the Indiana Limestone Institute of America.

Polycor was founded in 1987 and has expanded over the past decade. Terms of its merger with Indiana Limestone have not been disclosed.

The company's CEO, Patrick Perus, said it has big plans for a more expansive rollout of Indiana's high-quality limestone. He projects that Polycor's international network of sales representatives will help boost Indiana Limestone's sales by more than 10% this year.

Perus, whose company's offerings also include granite, marble and soapstone, said that Indiana-quarried limestone has unique qualities that make it ideal for carving designs and a resistance to weather extremes.

"There is nothing else like it," he said. "The uniformity of color of Indiana limestone is unparalleled. It is quarried in much larger pieces, making it easier to work with (than) other limestone; it can withstand all kinds of weather — including freeze and thaw cycles; and it's very easy to carve for design purposes."

Limestone quarried in Indiana has been used for such landmarks as the Empire State Building and the Pentagon.

Tom Quigley was appointed president emeritus of Indiana Limestone in early 2014 after the company fell into bankruptcy and its quarries were operating at just 20% of their normal rate. Under his leadership, the company reported an annual revenue boost of more than 10% for three successive years ending in 2016.

In 2017 and 2018, it reported yearly revenue increases of 3%.

He said Polycor's big sales staff will give a significant boost to the marketing of Indiana-quarried limestone.

"Just consider for a moment, Indiana Limestone has eight salespeople. Polycor has 110," he said.

___

Information from: Indianapolis Business Journal, http://www.ibj.com

Lafayette
Partly Cloudy
27° wxIcon
Hi: 33° Lo: 26°
Feels Like: 20°
Kokomo
Mostly Cloudy
28° wxIcon
Hi: 31° Lo: 26°
Feels Like: 17°
Monticello
Mostly Cloudy
24° wxIcon
Hi: 31° Lo: 26°
Feels Like: 18°
Lafayette
Partly Cloudy
27° wxIcon
Hi: 31° Lo: 24°
Feels Like: 20°
Danville
Partly Cloudy
28° wxIcon
Hi: 33° Lo: 26°
Feels Like: 21°
Frankfort
Partly Cloudy
27° wxIcon
Hi: 33° Lo: 26°
Feels Like: 16°
Frankfort
Mostly Cloudy
27° wxIcon
Hi: 31° Lo: 25°
Feels Like: 19°
Monticello
Partly Cloudy
25° wxIcon
Hi: 32° Lo: 27°
Feels Like: 19°
Monticello
Mostly Cloudy
25° wxIcon
Hi: 33° Lo: 28°
Feels Like: 19°
Logansport
Cloudy
28° wxIcon
Hi: 31° Lo: 26°
Feels Like: 20°
More more snow showers ahead....
WLFI Radar
WLFI Temps
WLFI Planner

Indiana Coronavirus Cases

Data is updated nightly.

Cases: 590211

Reported Deaths: 9310
CountyCasesDeaths
Marion815581297
Lake44306666
Allen31919541
Hamilton28371304
St. Joseph26766371
Elkhart24098341
Vanderburgh18643213
Tippecanoe17422121
Johnson14496284
Porter14399160
Hendricks13870241
Madison10561212
Vigo10483171
Clark10240130
Monroe9076108
Delaware8836132
LaPorte8771155
Howard7897138
Kosciusko787277
Warrick643890
Hancock638797
Bartholomew626694
Floyd6150105
Wayne5933157
Grant5818110
Dubois544372
Boone534367
Morgan516291
Marshall494184
Henry493664
Cass471760
Noble460557
Dearborn458444
Jackson414745
Shelby402179
Lawrence380575
Clinton364539
Gibson356556
DeKalb337363
Montgomery334851
Harrison328542
Knox327839
Miami309843
Steuben306340
Adams295235
Whitley294125
Wabash293045
Ripley292345
Putnam284847
Huntington283557
Jasper282433
White267538
Daviess261672
Jefferson250738
Fayette242348
Decatur242182
Greene233360
Posey232326
Wells229447
LaGrange224161
Clay217932
Scott216937
Randolph208340
Jennings192535
Sullivan189031
Spencer181917
Fountain179725
Washington177118
Starke171341
Jay162821
Owen159537
Fulton159229
Carroll152115
Orange151433
Rush149918
Perry147227
Vermillion144933
Franklin143433
Parke12908
Tipton128232
Pike113625
Blackford107522
Pulaski95237
Newton89421
Brown85530
Benton84310
Crawford7579
Martin70013
Warren6587
Switzerland6205
Union6113
Ohio4677
Unassigned0374

COVID-19 Important links and resources

As the spread of COVID-19, or as it's more commonly known as the coronavirus continues, this page will serve as your one-stop for the resources you need to stay informed and to keep you and your family safe. CLICK HERE

Closings related to the prevention of the COVID-19 can be found on our Closings page.

Community Events