Putnam County, IN, October 30, 2015: NALC, LLC (“NALC” or the “Company”) is pleased to announce it has entered into a joint venture with Alexander House for the development of an industrial minerals business based in Putnam County, Indiana. The joint venture company, Midwest Calcium Carbonates, LLC (“MCC”), has constructed a new plant located on a portion of 350+ acres of high quality reserves controlled by NALC and is processing high calcium carbonate geology. MCC’s operations are strategically located to serve a wide variety of industrial minerals customers across the Midwest. “I am very pleased to be partnering with the NALC team. This joint venture has allowed us to develop a facility that can reach customers with a variety of applications across the Midwest” said Mr. House.
Concurrent with the MCC joint venture, NALC recently completed a successful buyout of a facility lease from Natural Resource Partners L. P. In 2010, NRP provided a portion of the funding required by NALC for the construction of its first fine grind facility in Cloverdale, Indiana (Putnam County). “Thanks to our strong underlying operations, we are happy to have bought out NRP. Together with our MCC joint venture, NALC is now poised to grow its core business, while dramatically expanding its fine grind business with a well recognized industry leader like Mr. House” said Greg Gould CEO of NALC.
NALC is a privately owned company focused on leadership in aggregates and industrial minerals.