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Platinum Equity-backed The HC Companies completed the acquisition of Classic Home & Garden.

Synopsis

Platinum Equity-backed The HC Companies, a manufacturer of horticultural containers, completed the acquisition of Classic Home & Garden, a provider of decorative and functional products for the lawn and garden market. Financial terms were not disclosed. "This is a strategic and highly complementary combination of two companies that each have their own distinct value propositions. There is little overlap between the two and joining forces will create new opportunities for both businesses through cross-selling, production and distribution efficiencies, customer acquisition, channel penetration and product innovation. We are creating a 'one stop shop' that can simplify the value chain and streamline procurement and retail merchandising for our partners. We believe that is great news for growers, retailers, distributors and employees alike," Mayer, The HC Companies CEO.

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