MIA & BSI Seek Joint Venture / Consolidation to Strengthen the Natural Stone Industry

Contact:
Marble Institute of America
Jim Hieb, CEO/Exec. Vice Pres. (440) 250-9222
jhieb@marble-institute.com

Building Stone Institute
Jane Bennett, Exec. Vice Pres. (518) 803-4336
jane@buildingstoneinstitute.org

 

FOR IMMEDIATE RELEASE
(MIA-BSI0120)

 


 

 

 

OBERLIN, OH and Chestertown, NY, August 13, 2015 —The board of directors for both the Marble Institute of America (MIA) and the Building Stone Institute (BSI) unanimously voted at their respective July board meetings to ask the memberships of each organization to approve a 2-year joint venture to consolidate operations. A late November/early December membership vote is anticipated. This action concludes twelve months of discussions about the similarity of missions, focus, and duplication of efforts to serve the stone industry. The recommendation to enter into a 2-year joint venture came from a task force including representation from both organizations.

2015 MIA President Dan Rea of Coldspring (Cold Spring, MN) explained, “The threats we face each day and into the future are not from the natural stone industry, or its many associations. It is from well-organized alternative materials with huge marketing campaigns focused on our markets. It’s time to create a unified effort to not only defend but actively promote natural stone.”

“Most importantly, we need to become pre-emptive as it relates to competing products and our own threats in not taking action,” said 2015 BSI President Rob Barnes, Dee Brown Company (Dallas, TX).

The new association created by the Joint Venture will serve as a 2-year engagement, after which both memberships can decide to fully integrate or remain independent. The combined group will be called: “MIA + BSI - the natural stone institute.” The name preserves connections to both organizations’ history and brand equity and allows for transfers of goodwill.

Both the MIA and BSI organization leadership believe that regardless of the markets where their member companies reside, uniting resources is a first step toward accomplishing the core responsibility of a relevant association. “Uniting resources creates enormous leverage that, simply put, gets things done,” stated Rea.

“We believe this consolidation is additive, and strongly feel the combined equity will provide additional value to the industry and our members with continued relevance as the world’s premiere natural stone association,” added Barnes.

Informational web pages have been established by both organizations to inform their respective memberships of the reasons for this proposed consolidation. Updates on organizational data, new combined initiatives, and opportunities for networking forums on the topic are posted. Visit www.marble-institute.com/ or www.buildingstoneinstitute.org/join-bsi/joint-venture-proposal/ for more information.

 

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About MIA and BSI:

Together, the MIA and BSI organizations serve more than 1900 members in 55 countries who represent every aspect of the natural stone industry, offering them a wide array of technical and training resources, professional development, regulatory advocacy, and networking events.  Two prominent publications - the Dimension Stone Design Manual and Building Stone Magazine - raise awareness in both the industry and the design communities for the promotion and best use of natural stone. Learn more at www.marble-institute.com and www.buildingstoneinstitute.org.

 

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