The HC Companies has acquired Classic Home & Garden ( CHG ) , a premier supplier of decorative and operative product for the lawn and garden market in North America . fiscal terminus were not unwrap .
Headquartered in Shelton , CT , CHG designs , reference , and sell cosmetic garden throne and an regalia of backyard décor mathematical product . In recent years CHG has introduced fresh product line of merchandise focused on water preservation , eco - well-disposed products and packaging , and optimized transport .
The HC Companies CEO Bob Mayer said CHG ’s strength in cosmetic container fits seamlessly with HC ’s focal point on running grower product .
" This is a strategical and highly complementary combining of two company that each have their own distinguishable time value proposition , " said Mayer . " There is fiddling overlap between the two and joining force will produce new opportunities for both businesses through grumpy - selling , production and distribution efficiency , customer accomplishment , channel penetration and product creation . We are creating a ' one - stop shop class ' that can simplify the value chain and streamline procural and retail selling for our partners . We believe that is great news for growers , retailers , distributors , and employees alike . "
CHG proprietor and CEO Fred Ryan will remain a important investor in the combined business and will serve as President .
" I ’m gallant of the CHG team and the contribution they have made to the success of our business over the years , " Ryan say . " Our growth has been driven by a culture of innovation , purpose and unwavering dedication to caliber and client service . Those core value will continue to guide us as we step onto a larger stage with greater opportunity to exposit our ambit and our impact . "
Platinum Equity evolve HC in 2023 and the investment is conduct by the business firm ’s Small Cap team .
" When we produce HC company we set out to create a best - in - stratum , diversified instrumentalist of scale within the unsubtle horticultural market place , " said Platinum Equity Partner Jacob Kotzubei and Managing Director Nick Fries in a joint statement . " HC ’s transformational acquirement of CHG is an exciting and important stride in that process . We will continue to make with Bob and Fred to evaluate extra strategical M&A opportunities across the lawn and garden market . "
Willkie Farr & Gallagher LLP serve up as sound counsel and Alston & Bird LLP served as financing counsel to HC Companies on the CHG acquisition . Stout served as fiscal consultant to HC Companies .
Berkowitz , Trager & Trager , LLC and Locke Lord LLP served as sound counselling to CHG . Piper Sandler Companies served as CHG ’s sell - side financial adviser .
For more data : The HC Companieswww.hc-companies.com
