Fields Manufacturing Acquires American Greenwood And Sprout Tyme Line
As reported Friday in a PPB Newslink Breaking News, supplier Fields Manufacturing (UPIC: FIELDS) has acquired the assets of Chicago, Illinois-based suppliers American Greenwood, Inc. (UPIC: AMERGRWD) and Sprout Tyme Line. Financial terms of the deal have not been disclosed.
“We’re very excited to bring American Greenwood and Sprout Tyme into the Fields family,” says Matt Bertram, president of St. Cloud, Minnesota-based Fields. “The acquisition continues our mission in constructing a diverse product offering and single source solution to our distributor partners.”
Former American Greenwood owners Ed Sokolofski and Joe Canepari will stay on as consultants. “Fields is an optimal means to continue the growth and success of American Greenwood and Sprout Tyme,” says Sokolofski.
Canepari adds, “Our distributor partners will prosper through this transaction.”
Fields has named Matt Wagner the national sales manager of American Greenwood. American Greenwood’ s customer service will continue to be managed by Yolanda Santiago. Operations are being moved to the Fields’ production facilities in St. Cloud and Owosso, Michigan, although American Greenwood and Sprout Tyme will continue to publish their own catalogs.