Polycor Joins Rocamat

QUÉBEC CITY – Polycor Inc., the Quebec-based quarrier and producer of natural stone, merged with Rocamat S.A. of Comblanchien, France, on July 12.
The transaction involved the contribution of all of Polycor’s issued shares to Rocamat. The final valuation of the deal will be determined before September 2008, according to a Rocamat release.
The new group will employ more than 1,000, with annual sales exceeding $169 million.
Management will remain the same, with no reduction of employees envisioned at either Polycor or Rocamat. The companies continue operating under their respective names. Existing business relationships, as well as customer service, will not be affected, according to a statement from Polycor.
“This grouping fits perfectly in our development plan,” said André F. Scott, Polycor corporate-affairs vice president.
Polycor Inc. is a full-service group, providing natural stone solutions since 1884 in quarrying stone blocks, manufacturing finished stone products and designing custom stone products. The company operates 25 marble and granite quarries and several manufacturing complexes.
With 700 employees and a consolidated sales figure of €75 million, Rocamat is the world’s leading producer of limestone; the company also deals in granite blocks, slabs and flooring. Another company held by Rocamat, L’Européenne de Marbre, shows recent annual sales of €15 million and employs 50.
Rocamat operates 35 limestone quarries in France, and exports 38 percent of its production, primarily to Europe, North America and the Asia-Pacific region.