13 Nov Summit, Janor Acquired
Excerpt of Article from Red Orbit
Summit Plastic Company, along with JanorPot LLC and Desch Holdings BV (operating as Desch-Plantpak) of the Netherlands, has been acquired by New York-based Lincolnshire Management and the Dutch investment entity Janivo.
Summit Plastic Company created Duo pots and handlers and offers containers for the greenhouse, foliage, woody ornamental and root crop markets. Desch-Plantpak is a manufacturer of thermoformed plastic containers, trays and injection molded containers, and JanorPot is a joint-venture between Desch-Plantpak and Summit Plastic, providing product, marketing and manufacturing of pots.
Lincolnshire and Janivo will operate these three companies, plus the previously acquired Nursery Supplies Inc., as a group, creating a horticulture and nursery container company.
Atlas Advisors acted as financial advisor to both Desch-Plantpak and Summit Plasticin connection with this transaction.
Atlas Advisors is the marketing name for Atlas Advisors, LLC and Atlas Strategic Advisors, LLC. Atlas Strategic Advisors, LLC provides financial advisory services in connection with mergers, acquisitions and other similar transactions. Atlas Strategic Advisors, LLC is a wholly owned subsidiary of Atlas Advisors, LLC and a member of the FINRA.
None of the information contained in this release constitutes a recommendation, solicitation or offer by Atlas Strategic Advisors, LLC or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.