Colorado greenhouse company purchased by New York firm

DENVER BUSINESS JOURNAL - A 49-year-old Northglenn company that builds commercial greenhouses has been bought by a New York firm.

Gibraltar Industries Inc. of Buffalo bought Nexus Corp. for $25 million in an all-cash deal.

Nexus has been in the greenhouse industry for about 25 years. It is expected to generate $30 million by Dec. 31.

The U.S. greenhouse structures market is estimated at approximately $250 million and is expected to grow at a 10 percent rate in 2017, driven by increased demand for organic, locally grown food as well as demands from the floriculture market and public and private research, according to Gibraltar.

Read more at the Denver Business Journal: http://bit.ly/2dNQiyi

Copyright 2016 Denver Business Journal


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