Wingate Set to Buy Lawn & Garden Unit of Myers Industries
January 09, 2015
Wingate Partners has entered into an agreement to acquire the lawn and garden business of Myers Industries for $115 million. Myers' lawn and garden unit operates several brands that manufacture plastic flowerpots, trays, baskets and resin planters for the professional grower industry and retail garden centers. The investment, which is expected to close in early 2015, will come from Wingate Partners V, a $255 million fund that closed in July 2013.