July 30, 2016 10:16 AM ET

Chemicals

Company Overview of Infinity Lawn and Garden, Inc.

Company Overview

On November 20, 2015, Infinity Lawn and Garden, Inc. got merged into Country Stone Holdings, Inc. upon Bankruptcy Court approval. Infinity Lawn and Garden, Inc. offers lawn and garden products. It provides soil, grass seed, mulch, plant food, decorative stone, organics, and lawn fertilizer. The company markets its products under Schultz, Garden Safe, and Country Stone brand names. Infinity Lawn and Garden, Inc. is based in Milan, Illinois.

P.O. Box 1158

Milan, IL 61264

United States

Founded in 2011

Phone:

309-799-7002

Fax:

309-799-5848

Key Executives for Infinity Lawn and Garden, Inc.

Infinity Lawn and Garden, Inc. does not have any Key Executives recorded.

Infinity Lawn and Garden, Inc. Key Developments

Liquidation Plan Approved for Country Stone Holdings, Inc.

The US Bankruptcy Court approved the liquidation plan of Country Stone Holdings, Inc. on November 20, 2015. The debtors' estates are hereby substantively consolidated, under the lead case of Country Stone Holdings, Inc. All the related cases shall be closed on plan approval and all the assets shall be vested in the liquidating trust. As per the approved plan, administrative claims, statutory fees, priority tax claims, professional compensation, other priority claims shall be paid in full in cash. Other secured claims shall be paid from the proceeds of the sale of the property up to the allowed amount of such claim, or the return of property securing such allowed claim, or cash equal to the value of the property securing such claim, up to allowed amount of such claim. Secured and unsecured portion of First Midwest claim shall be determined on final order. The secured claim shall receive same treatment as other secured claims, and unsecured amount shall receive the same treatment as that of general unsecured claim. General unsecured claims shall receive a pro rata share of the net proceeds of the liquidating trust assets after the payment of all allowed other secured claims. All the equity interest of the debtor shall be deemed cancelled and shall receive no distribution under the plan. The plans shall be funded from debtor’s cash in hand and sale of assets.

Joint Liquidation Plan Filed by Country Stone Holdings, Inc. and Official Committee of Unsecured Creditors

Country Stone Holdings, Inc., along with its affiliates and the official committee of unsecured creditors filed a joint plan of liquidation in the US Bankruptcy Court on July 20, 2015. As per the plan filed, administrative claims, statutory fees, priority tax claims, professional compensation, other priority claims shall be paid in full in cash. Other secured claims shall be paid from the proceeds of the sale of the property up to the allowed amount of such claim, or the return of property securing such allowed claim, or cash equal to the value of the property securing such claim, up to allowed amount of such claim. Secured and unsecured portion of First Midwest claim shall be determined on final order. The secured claim shall receive same treatment as other secured claims, and unsecured amount shall receive the same treatment as that of general unsecured claim. General unsecured claims shall receive a pro rata share of the net proceeds of the liquidating trust assets after the payment of all allowed other secured claims. All the equity interest of the debtor shall be deemed cancelled and shall receive no distribution under the plan. The plans shall be funded from debtor’s cash in hand and sale of assets.

Amended DIP Financing Approved for Country Stone Holdings, Inc.

The US Bankruptcy Court gave an order approving the amendments to DIP financing agreement for Country Stone Holdings, Inc. on January 23, 2015. As per the order, the maturity for the DIP facility has been extended till January 30, 2015.

Similar Private Companies By Industry

Company Name Region
10x Technology LLC United States
20/20 Custom Molded Plastics,Ltd. United States
21st Century Plastics Corporation United States
2N2, Inc. United States
6062 Holdings, LLC United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Bloomberg L.P. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Infinity Lawn and Garden, Inc., please visit www.infinitylawnandgarden.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.