Calvert Street announces sale of Jolly Gardener Products, Inc.
Calvert Street Capital Partners ("Calvert Street") announces the sale of Jolly Gardener Products, Inc. (“JG”). JG manufactures and distributes mulch and soil products. Calvert Street acquired JG to take advantage of the shift in lawn and garden product distribution patterns toward home improvement centers and mass merchants. Under Calvert Street’s ownership, JG became the largest independent mulch and soil producer in the U.S. with 11 production plants along the eastern seaboard spanning from Maine to Florida. Considerable investment was made to enhance existing production facilities, start up new plant operations, enter into co-packing relationships and improve management information systems. Additionally, the company completed a series of seven strategic add-on acquisitions that helped position JG as a leading industry player.
JG was sold to Oldcastle Architectural, Inc. (“Oldcastle”). Oldcastle is a North American subsidiary of CRH, plc, a Dublin-based international building materials conglomerate.