A Florida fabricator of plastic displays, organizers and dispensers has a new owner.
Plastic & Products Marketing LLC of Ocala, Fla., has been sold by founder and CEO Lynne Boykin, according to Generational Equity, a Dallas-based company who handled the transaction for the owner.
Terms of the deal, including the identity of the new owner, were not disclosed. Generational Equity did indicate the buyer is an individual investor.
“The new owner was looking to invest in a Florida business and appreciated the company’s U.S.-based manufacturing operation and growing client base,” Generational Equity said in a statement. “Boykin will continue her involvement with the company as an adviser and owner of the factory building.”
Plastic & Products makes a wide variety of units, including condiment organizers, cup and lid dispensers, coffee flavoring syrup racks and pastry cases. The company also offers custom design services.
Plastic & Products was founded in 1986.