Wingate Partners acquires Myers Industries Lawn & Garden Group

DALLAS, Feb. 18, 2015 /PRNewswire/ -- Wingate Partners V, LP has announced that they, in combination with company leadership, have acquired the lawn and garden business from Myers Industries.  The new company name is The HC Companies, Inc. Terms of the transaction were not disclosed.

The HC Companies, Inc. is North America's leading provider of plastic plant, flower, and tree containers (horticulture containers) for the greenhouse, nursery and retail markets under the brand names Dillen^®, ITML^®, ProCal^®, Listo^™, Akro-Mils Lawn & Garden^®, and Planters' Pride^®.

"Wingate Partners is a great match for the HC Companies as we both share a common vision on focusing on customer service and operational excellence that leverage the recent strategic facility investments," said Chris Koscho, President and CEO of The HC Companies.

"We are looking forward to working with Chris Koscho and the HC team and continuing the market leadership position in horticulture containers," said Jim Johnson, Partner of Wingate Partners.

Haynes & Boone, LLC acted as legal advisor to Wingate Partners.

About The HC Companies, Inc.
The HC Companies, Inc., is North America's leading supplier of horticulture containers serving professional greenhouse and nursery growers, grower distributors, retail garden centers, and mass merchandisers under the Dillen^®, ITML^®, ProCal^®, Listo^™, Akro-Mils Lawn & Garden^®, and Planters' Pride^® brands.  The company manufactures a variety of quality injection, blow-molded, and thermoformed plastic containers as well as eco-friendly containers made from Coconut Coir fiber or recycled paper materials.  The HC Companies' products include a diverse selection of pot and tray systems, hanging baskets and planters, plug and propagation trays, flats and inserts, nursery containers, and seed starting kits.  The HC Companies Inc. has headquarters in Twinsburg, Ohio with manufacturing plants in Canada, Nevada, Florida and Ohio.  For more information visit www.hc-companies.com.

About Wingate Partners:
Wingate Partners was founded in 1987 to purchase controlling equity in companies with the opportunity to create value through superior operational and strategic execution.  Typically, Wingate's investments fall into two primary categories: profitable companies in changing our out of favor industries and under-performing companies.  In both cases, equity value is created by improving the operating performance of the business and by developing long-term strategies to exploit changing industry dynamics.  Our professionals bring substantial senior-level operating and strategic experience in addition to extensive careers in acquiring companies.

For more information on Wingate Partners, visit www.wingatepartners.com.

Legal Disclaimer
This press release is for informational purposes and is not an offer to sell, or a solicitation of an offer to buy securities in the United States or elsewhere.  Wingate Partners is not utilizing this release to provide investment or other advice, and no information disclosed therein is to be relied upon for the purpose of making investment decisions.  Any transactions described are included as representative transactions and are not necessarily reflective of overall performance.

SOURCE Wingate Partners

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