- 3 August 2007 -
Nyco acquired by private equity firm

Private equity firm Resource Capital Funds (RCF) IV LP has acquired wollastonite producer Nyco, its subsidiaries and affiliated companies.

Under the new ownership, Jay Moroney returns as president and chief executive officer of Nyco, a position he held between 1990 and 1998. The Nyco companies will continue to operate as they did prior to the acquisition, with no interruptions in production or service.

“Our immediate focus will be to assure our customers that Nyco will continue operating as the world’s leading wollastonite supplier,” comments Jay Moroney. “In addition, our attention will be directed towards developing new products and next generation surface modifications, plant capitalization projects that will improve quality and yields, as well as strategic logistic options to allow re-entry into a number of worldwide markets.”

Nyco; www.nycominerals.com