KISSIMMEE, Fla., June 24,
2024 /PRNewswire/ -- Nursery Supplies Inc.
("NSI"), a portfolio company of Mill Point Capital LLC ("Mill
Point") and a leader in sustainable horticulture packaging
solutions, proudly announces the formation of CREO Group ("CREO").
This new parent company integrates the rich history and innovative
strengths of Nursery Supplies Inc. and Summit Plastic Company,
which merged in 2013 after a multi-year partnership. This strategic
move positions CREO for future growth in the packaging and
container solutions market.
The creation of CREO also marks an evolution in the company's
strategy, positioning the platform for innovation and expansion. By
leveraging NSI's decades of experience and sustainability
knowledge, CREO aims to continue delivering unparalleled packaging
and container solutions.
As part of this launch and rebrand, Summit
Plastic Company is now CREO Greenhouse, a
name that better reflects
its commitment to sustainable product
innovation, passion for the
horticulture industry, intuitive greenhouse product
line, and anticipation of future growth and
advancements.
Nursery Supplies Inc. will remain a key division of CREO,
maintaining its deep-rooted customer relationships and legacy of
innovation.
A Legacy of Innovation and Sustainability
Nursery Supplies Inc. has been a pioneer in the packaging
industry since 1960. As one of the first producers of nursery
containers, the company's commitment to innovation has
been unwavering, enhancing production capabilities with blow molding,
injection molding, and large-scale thermoforming technologies.
Over the years, NSI has introduced leading products, including the
Pot-in-Pot, Dec-Grow, Grow & Show, and Grip Lip automation-
friendly solutions.
The merger with Summit Plastic Company significantly expanded
NSI's innovative product offerings, including JanorPot, which is
one of the largest offerings of round pots in the horticulture
industry, and 3D pots and trays, which offer freight-saving and
space-saving solutions. The eco360 line, which focuses on bio-based
products, was also added to NSI's line of products
CREO products are 100% recyclable today. In 2023, NSI products
averaged more than 50% recycled plastic content in every container,
which CREO recycles in-house. As a part of a strategic
sustainability roadmap, CREO now offers new container solutions
utilizing bio- based materials that break down over time or
displace petroleum-based plastics. These
options are available
for greenhouse and nursery growers
and are an incremental step on a
journey toward a greener industry.
Quotes from Leadership
"We are thrilled to announce the creation of CREO Group
and leverage it for the benefit of our
customers, employees and other partners," commented Justin Smith, Executive Chairman and CEO of
Nursery Supplies Inc. "We now have a platform that will
set us apart from the competition and continue driving
innovation and growth."
"The formation of CREO Group marks the beginning of a new era in
sustainable packaging," added Mark
Paolano, Partner, Mill Point Capital. "Our new identity is
emblematic of the significant growth
and expansion plans that will define
CREO in the years ahead."
Join Us at Cultivate 2024
You can see the unveiling of the new CREO parent brand
at Cultivate 2024 in Columbus, OH
from July 13-16. Do not miss this
opportunity to witness our latest bio-friendly innovations and meet
the team driving the future of horticulture container
solutions.
About CREO Group
Headquartered in Kissimmee, FL,
CREO Group's horticulture brand is a vertically integrated
manufacturer of sustainable horticulture packaging solutions. The
company's capabilities include blow-molding, pressure forming,
injection molding, vacuum forming, custom printing / branding,
along with an in-house resin recycling platform. Nursery
Supplies and CREO Greenhouse continue to deliver top-tier solutions
to their respective end-markets under the CREO Group
umbrella. For more information, visit creogroup.com.
About Mill Point Capital LLC
Mill Point Capital LLC is a private equity firm focused on
control investments in lower- middle market companies in
North America across the
Industrials, Business Services and IT Services sectors. Mill
Point's experienced team of investors and Executive Partners seek
portfolio company value enhancement through rigorous implementation
of transformative strategic initiatives and
operational improvements. Mill Point is based in New York, NY. For
more information, please visit www.millpoint.com.
Mill Point Capital Contact:
Jiaeh
Kim
212-416-5800
info@millpoint.com
CREO Group Contact:
Andrea Paganelli
214-518-0663
pr@creogroup.com
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SOURCE CREO Group