Polycor Inc.

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Polycor Inc. - overview

Established

1987

Location

-, QC, Canada

Primary Industry

Materials

About

Polycor Inc. is a leading manufacturer of natural stone products, specializing in granites, marbles, limestones, and soapstones, serving diverse sectors across North America and Europe. Founded in 1987 in Quebec City, Canada, Polycor Inc. focuses on the extraction and production of natural stone products.


The company has undergone strategic changes to expand its operations globally. Currently, it operates across multiple locations in North America and Europe. The CEO, Patrick Perus, leads the company through its significant growth phases. Polycor has successfully secured funding in four notable deals, with the most recent occurring on April 29, 2022.


Polycor specializes in natural stone products, focusing on granites, marbles, limestones, and soapstone sourced from over 60 exclusive quarries across North America and Europe. The company offers a comprehensive range of stone solutions, including cut-to-size stone for large-scale architectural projects, finished slabs and tiles for residential and light commercial use, as well as raw blocks and aggregates for construction applications. Polycor serves a diverse client base that includes architects, contractors, and end users engaged in various sectors, such as residential construction, landscaping, and public infrastructure projects. Their products are marketed in several geographical regions, including the United States, Canada, and select European countries, catering to a wide range of building and design needs.


Polycor generates revenue through direct sales of its natural stone products to business clients, including contractors and retailers, as well as through partnerships with distributors and wholesalers. The company's transaction structure typically involves bulk orders of stone materials, which are priced according to the type, finish, and dimensions of the product. Among their offerings, flagship products include high-quality granite slabs used for kitchen countertops, as well as limestone and marble tiles for flooring and wall applications. Pricing for these products varies based on specifications and project requirements, and transactions are generally conducted through negotiated contracts, ensuring flexibility for large-scale orders and custom applications.


In April 2022, Polycor Inc. was acquired by Birch Hill Equity Partners and Investissement Québec, along with the company's management. This acquisition positions Polycor to enhance its growth in Quebec and expand its global operations. Future strategies may include introducing new product lines, although specific details and release dates have not been disclosed.


The company plans to target new markets and regions for expansion, leveraging the recent funding to support these growth initiatives.


Current Investors

Birch Hill Equity Partners, Investment Quebec, TorQuest Partners

Primary Industry

Materials

Sub Industries

Masonry Materials

Website

www.polycor.com

Verticals

Manufacturing

Total Amount Raised

Subscriber access only

Polycor Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedPolycor Inc.-
Add-onCompletedElliott Stone Company, Inc. -
MergerCompletedIndiana Limestone Company-
BuyoutCompletedPolycor Inc.-
Add-onCompletedSwenson Granite-

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