Generational Equity Sells Economy Paper Co. to Janitorial Supplier Wescott Group

 

Generational Equity, Dallas, Texas, USA, mergers and acquisitions advisor for privately held, middle-market businesses, has sold its client, Economy Paper Co. of Rochester, N.Y., to the Wescott Group of Henrietta, N.Y.  Economy Paper Co. has been serving customers since 1936 and offers sanitary maintenance products as well as fine paper and industrial packaging. 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. In addition, the company sells and services machinery used for industrial and commercial cleaning.

The new company will transition to the new name Economy Products & Solutions Inc., and will employ 38 people.