PLACERVILLE, CA, April 19, 2018 /CNW/ - iMD Companies, Inc. (ICBU) Board of Directors announced today that the company has completed the acquisition of LCG Plastech as a wholly owned subsidiary of the company. LCG Plastech is an audited PVC Pipe manufacturing company and owns a manufacturing plant in Orissa, India. LCG is a great compliment to iMD's other companies and has revenues in the millions. The company has been an acquisition target of the company for several months due to their PVC pipe product line and contractual partnerships.
Mr. Ranjit Pattnaik, Managing Director of LCG Stated, "We are excited to form this partnership with iMD Companies Inc. We feel that being part of a public company like iMD will give us more exposure and will also give us more visibility for business expansion with the other mining companies that iMD owns. We look forward to working with the iMD team and feel that we can greatly benefit each other in our desire to grow both companies' revenues and profits."
About iMD Companies, Inc. www.imdcompaniesinc.com
IMD Companies, Inc., (ICBU) is a Florida corporation, engaged in the manufacturing, extraction and distribution in mining and asset accumulations of revenue producing companies. The company is positioned to be a holding company for acquisitions in the mining industries. The company and the principals of the management team have extensive backgrounds in finance, manufacturing, marketing and distribution. ICBU's goal is to create and increase shareholder value by tactically growing our business while strategically seeking to acquire new business and create other business alliances, which generate increased revenues and earnings
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