Indiana Limestone Acquisition Paying Dividends

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Matt Howard is the president of Polycor West. Matt Howard is the president of Polycor West.

The president of Polycor West says the acquisition of the former Indiana Limestone Co. in Bloomington has created positive results. Indiana Limestone was acquired last year by Canada-based Polycor Inc., several years after the Hoosier company emerged from bankruptcy. Matt Howard says the company showed improved performance before the acquisition, including doubling its workforce and expanding its product line. 

In an interview on Inside INdiana Business with Gerry Dick, Howard said the merger with Polycor has breathed new life into the company.

"We're going to see an accelerated sales trend this year because of the merger," said Howard. "They have strength in markets where we traditionally haven't been represented as strongly. They have that good international sales channel; they're strong up in the French-speaking portions of Canada. We're stronger in Toronto. We're stronger in the Midwest."

Howard says it is a challenge to find skilled talent to accommodate growth, but the company is confident it can find what it needs. "We have a workforce that's made up of a strong family set of connections, fathers and sons, brothers, and then we try and extend that family connection onto the company as well."

Howard previously served as chief financial officer of Indiana Limestone Co. and was named president of Polycor West after the merger was completed. He adds the expansion of product offerings, including in residential living, will be key to the future of the company.

"The residential sector with the outdoor living trends that are growing significantly faster than the overall construction market are certainly an opportunity for us and now with Polycor joining forces with Indiana Limestone Co., we have a broader offering. So we can offer not only the Indiana limestone, but granites and marbles as well."

You can view the full interview in the video above.

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