Generational Equity, a leading mergers and acquisitions advisor for privately held, middle-market businesses, announces the sale of its client, Economy Paper Company of Rochester, NY, to the Wescott Group of Henrietta, NY.
Economy Paper Company has been serving customers since 1936 and offers fine paper, industrial packaging and sanitary maintenance products. The company was sold by the founders' sons.
The Wescott Group, a janitorial supply distribution company, was established in 2014 when American Maintenance Supply merged with Eastern Maintenance Supply. The Wescott Group also operates a janitorial retail store that sells cleaning chemicals, paper products, and other facility maintenance items.
"Economy Paper's knowledge and experience in the fine paper and office printing supplies market is the perfect add-on to provide the diversification I was looking for," said Tim Wesley, president of the Wescott Group. "This acquisition allows us to form a larger, more agile business, better able to serve our customers with competitive pricing, efficient service and timely deliveries."
The new company will transition to the new name Economy Products & Solutions, Inc., and will employ 38 people.
