Platinum Equity has acquired The HC Companies, a leading North American manufacturer of horticultural containers, has been completed. Financial terms were not disclosed.
Headquartered in Twinsburg, Ohio, HC operates six manufacturing locations and distribution centers in the US and Canada. The company produces a wide range of planters, pots, and accessories for the greenhouse, nursery and retail markets, including fiber and biobased solutions produced with post-consumer and post-industrial materials to meet increasing consumer demand for sustainable solutions.
"HC has earned a well-deserved reputation for innovation, quality and customer service, and the company offers one of the most comprehensive product lines in the industry," said Platinum Equity Co-President Jacob Kotzubei. "We are excited to work with the HC management team and to continue investing in the company's long-term strategic plans."
The HC Companies President and CEO Bob Mayer will continue leading the business following the transition to new ownership.
"We know the industry well and have a lot of operational experience in manufacturing, supply chain and distribution that can help the company take the next step," said Platinum Equity Managing Director Nick Fries. "We will pursue opportunities to help the business grow both organically and through add-on acquisitions in adjacent product categories, segments, channels and geographies."
The HC acquisition was led by Platinum Equity's Small Cap investment team, which is actively deploying capital.