Indiana Limestone gets back to work under new owner

An Indiana company known for supplying limestone to the Empire State Building and the Pentagon is cutting stone under new ownership after going through bankruptcy.

Indiana Limestone Co. technically closed and laid off all its workers earlier this month to fulfill a bankruptcy plan, then a few days later reopened with the new owners and rehired employees.

The Oolitic-based company's president said stone is being quarried from its Oolitic and Bloomington sites, with fabrication work being done in Bloomington.

Duffe Elkins told The Herald Times the company's loyal employees helped make it attractive to the investment firm Wynnchurch Capital.

The firm bought the limestone company's assets for about $26 million after it filed for bankruptcy protection in February and notified state officials it would lay off 166 workers.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our updated comment policy that will govern how comments are moderated.

{{ articles_remaining }}
Free {{ article_text }} Remaining
{{ articles_remaining }}
Free {{ article_text }} Remaining Article limit resets on
{{ count_down }}