Pacific Market International (PMI), the Seattle-based owner of food and beverage brands Aladdin and Stanley, announced an equity partnership agreement with fellow Seattle-based investment company, the Joshua Green Corporation.
PMI said it sought a strategic financial business partner to support its rapid, global consumer products growth. Joshua Green Corporation's infusion of capital into PMI will accelerate organic growth and support market expansion through targeted acquisitions.
“Joshua Green Corporation is a perfect fit for PMI. Our 27-year history of consistent year over year growth and profitability aligns well with Joshua Green Corporation's long term commitment to growing shareholder value. We look forward to their contribution as we navigate our next phase of growth and ownership transition over the next couple of decades,” explains CEO of PMI, Rob Harris.
“We are very enthusiastic to partner with Rob Harris and the strong culture he's developed within PMI. The combination of great people and a profitable business creates a platform for accelerated growth. PMI is representative of the types of investments we seek,” continued Stanley McCammon, Joshua Green President and CEO.
Both PMI and Joshua Green Corporation are organizations that share a rich history in Seattle. PMI's great heritage consumer brands, Aladdin and Stanley, each boast 100 years of distribution in the global market. Likewise, Joshua Green Corporation started over 100 years ago and has a robust history in the banking and shipping industries.
