Amincor (AMNC) Price & Analysis

Amincor, Inc., founded in 1997 and headquartered in New York City, underwent a name change from Joning Corp to its current designation in February 2010. The company operates through its various subsidiaries, engaging in multiple business activities. A key segment of its operations involves the manufacturing and distribution of a wide array of baked goods. These products, encompassing sliced breads, yeast and cake doughnuts, frozen donuts, cookies, and snack items, are supplied to in-store bakery departments within supermarkets and to different food service channels. Furthermore, Amincor delivers specialized water remediation services, primarily within the northeastern United States. This includes comprehensive water testing and assessment, system engineering and design, user training, and ongoing system maintenance and servicing. A notable aspect of these services is the treatment and safe discharge of petroleum-contaminated water into municipal sewer systems. The clientele for these environmental solutions includes oil and petroleum distribution companies, municipal entities, school districts, industrial facilities, and various other commercial businesses. The company also provides essential services related to petroleum infrastructure. This encompasses maintenance, repair, and construction work for customers owning underground petroleum storage tanks and fuel dispensing equipment. Complementing these offerings, Amincor undertakes environmental consulting, performing site assessments, detailed analyses, and managing remediation projects for operators and owners of petroleum storage facilities. Its broad client base for these environmental and petroleum-related services extends to large national and multinational corporations, as well as local and national governmental bodies and municipalities.