No it actually doesnt. Mr. Gubb simply wanted to reap the benefits of going public and reap the synergistic benefits of merging with GRBG. But it does say alot about GRBG's Natures Solution product line and potential that a NYSE Exchange listed company like MSC Industrial Supply (MSM) would select Natures Solution as their exclusive green cleaning product line. All 45 SKU's worth of product including some green cleaning products that retail for over $1000 like their water treatment product.
Why would a $1.7 billion company like MSC Direct select GRBG's Natures Solution product line as their exclusive green cleaning product line when they had hundreds of other companies and product lines from which to choose?
The answer is obvious to anyone with a clue. GRBG's Natures Solution product line must have tested out very well and must be a superior product line to other green cleaners. The future potential is great as various certifications occur such as the recent NSF certification. This will allow for stronger market pentration and market share. Obviously a prestigious company like MSC wouldnt select GRBG's products if they didnt feel they had great potential. Certifications are just beginning to roll in which will further enhance sales. MSC has distribution centers throughout the USA and UK.
Enough with the 100K purchase price. OPS was a private company and GRBG is a public company. If the desire is for the resulting company to be a public company then GRBG must buy OPS. I agree that on the surface it looks like OPS brought more to the party than GRBG but that doesn't matter. The 100K is a symbolic purchase price to put the two together and end up with a public company. That is why BW stepped down and Gubb took over. I think there are great things in store for GRBG, as soon as Big Apple gets done or out of the way.