Resilience Capital Partners, a private equity firm, has acquired Indiana Limestone.
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, which was acquired by Resilience in November 2009.
Like Victor Oolitic, Indiana Limestone has been a supplier of Indiana limestone to the dimensional stone market place for over 100 years.
"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," says Michael Lundin, chairman of North Coast Minerals and operating partner at Resilience Capital Partners.
