Indiana Limestone Co. cutting stone with new owner
A southern 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 says stone is being quarried from its Oolitic and Bloomington sites, with fabrication work being done in Bloomington.
Duffe Elkins tells 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 after it filed for bankruptcy protection in February and notified state officials it would lay off 166 workers.
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